Does anyone have any idea what is happening in terms of new...

Does anyone have any idea what is happening in terms of new developments ?

Seems like the degree of buyer-seller pessimism and optimism are about equal. The shares went up 3% one day on a trade worth a few grand (literally the cost of a old Hyundai - makes you wonder!)

The wording at the WPG website seems to suggest some closure but gives no time-table perhaps because it honestly doesn't know. Maybe the moment of truth will come in late Jan when the WPG-Wisco extension expires (perhaps by which time WPG will have already devised a plan to raise capital).

If WPG does (a LYNAS). Has anyone worked out what the stock price would be if $45 million need to be raised ??

I am sure given the positive market sentiments, the instos would mop them up pretty quickly.

I guess the ultimate question is whether to buy now and risking a plunge in the SP because of the massive dilution (just look at LYC) or buy now and hope for Defence doing a decision U-turn and reap a bounty.

Any advice ?