Initial view would be that Wylie have (finally) convinced...

Initial view would be that Wylie have (finally) convinced "someone" that dressing the Co up by reducing debt, reducing issued paper, getting as much (potential) production etc on stream ASAP ie while the US$/AU$ ratio still heavily favours local holders etc etc may be the way to go.

While BD/Towner no doubt regrets not selling at the top ie 3 years ago a sale in the mid term future may well be better than hanging around right thru the next cycle.

The dollar ratio is important and may bring a discipline to the sale process (time wise) as those who would benefit from a sale to US ops most would be OZ holders/Buyers.

For me its all a little too late to fully salvage some reputations but a lock/stock sale 3 to 4 times nth of here would at least get Wylie their cash back and some.

And at that level the real value of the assets would be at least partially (half?) reflected in the Sale price.

If I'm right - that the for sale shingle is out front now with clear path to dressing it up I'm a buyer. Only because its way too cheap if they actually do it and get out of the way.

DYOR