If you add up Shareholders in GWR top 2o it is around 25% may be more so both Company's are well connected add TGN which are all tied up with GWR same management again.Gary Lyons is a main player in all three Company's and his mates have deep pockets investing in all three Company's.I can't see RWG assets being developed GWR basically gave them away and would never have developed them. GWR and TGN have major projects on the go I think just owning this ASX Listed Company was the goal as the 3 year suspension extension had run out.An Listed ASX shell had good value as the ASX new rules has made it very hard to bring a new Company listed on the ASX would need around 8 mill minimum including assets and cash. CHEERS
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