WA1 4.84% $16.45 wa1 resources ltd

After the fall from $23 if the sharks lobbed bids for wa1 and...

  1. 4,613 Posts.
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    After the fall from $23 if the sharks lobbed bids for wa1 and Enr, they would likely get it.

    wa1 has tali owners , datt and regal as the 3 large non management shareholders. They are not exactly big players in the mining industry like Gina and Ellison.

    the institutions that participated in the $60 million capital raising at $17 are not strong holders and would likely sell out for over 50% profit.

    it seems like the opportune time to lob the takeover bid.
 
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