Think you may be onto something there dcrowe. Reading through...

Think you may be onto something there dcrowe. Reading through the bidder statement it does seem like WN have the upper hand. They certainly believe that they can prevent a rival bidder from getting to the compulsory acquisition stage.

Like you I am starting to think that a bigger player is now buying up everything available on market whilst it is at a discount to the offer price in order to guarantee a majority acceptance of the offer. Possibly even another overseas company. Buying at an average of $6 gives a very nice return when the deal goes through.

It would explain the unusual buying pattern today.

Quite simply we are being out flanked.