Yeah I don't think the big sell orders are fake.
A fund offloading but its always been about WHO is buying. Tara is due to send me another Top 20 list today so it will be interesting to see whats changed.
Another top 20 by the end of this week will REALLY show what's happening!
Every 1.4Mil is 1% correct? So unless associates are buying and sitting on the shares for a bit, WNI will have to declare a change in interest soon.
A blocking stake by Vale - Very possible I reckon. From past experience, every time a company gets taken over buyers appear to either block or make a quick few $$.
SPH was the last one that came to mind with the Xstrata takeover. Xstrata is another possible company to take a blocking stake. There's heaps out there who must be witnessing how cheaply WNI are trying to get away with a multi million dollar company like Brockman Resources.
Can't wait to see the Top 20 lists this week!
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