I have zero confidence in the Sham and their hurriedly assembled...

I have zero confidence in the Sham and their hurriedly assembled management team. What self-respecting "CEO in waiting" is going to join this mob? The cash premium to lure anyone with competence "in" will drain the residual cash balance in no time.

The Sham's list of achievements since taking control include:

Scuttling of a rail deal with FMG (clearly now this is pie in the sky)
Sacking half the Board
Appointing new Board Members then sacking them (Mr Tee)
Appointing a Chairman under investigation of HK ICAC
Shredding the FEED after 12 months of work and millions spent
Instigating a "strategic review" with no outcome
Increasing Director Fees
Bolstering the options plan
Stuffing up the acquisition of FRS
Burying ex-staff in mountains of cash

But without doubt their biggest achievement is the destruction of shareholders equity.. including their own.

WNI down 75% in the last 12 months.

But other than that they are doing a great job.