What was a "no brainer" on 27 July is now looking like a "migraine attack". WRM has gone from 50c to 37.5c and what was looking like a 25% gain has turned into an 8% loss. I am surprised that so late in the scheme that the market has decided WRM is making a mistake when the merger was clearly going to be accepted by AUL shareholders. The downsayers are now out in force on the WRM threads with momentum added by Hennigh's resignation. It is like WRM management cannot do anything right. I guess time will tell and hopefully, along with it the WRM SP will improve.
Oh well, @Schmucky did warn us but the situation has developed even quicker than I think he anticipated.
We need to concentrate on WRM fundamentals and prospects going forward.
AUL Price at posting:
28.5¢ Sentiment: None Disclosure: Held
