I am of the opinion that GWR Board will not sell to PMM and will instigate a takeover defence against Portman.
They could do this by releasing a big resource upgrade IMO. I noticed they have drilled out their uranium tenements as well.
Lets face it, Look at Sinosteels MIS revised offer. Quick buck for shareholders, but still a cheap offer in the long run.
Next upgrade will be increased Iron Ore Resource and a maiden Uranium resource IMO.
A year ago, I started accumulating GWR. Although it has been painful watching other compaines reap the benefits of the Iron Ore boom, I am happy that I have had time to accumulate more and more GWR. I will keep accumulating until the share price goes into the stratosphere.
GWR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
