Interesting day today.VWAP of 331.2 with some sales in the 320s....

Interesting day today.

VWAP of 331.2 with some sales in the 320s. I reckon that is good buying for someone. Might be a case of speculators getting bored of waiting for news.

Regardless of how this plays out you would have to think that there will be at least one more bid at >$4 to come. That will drive the price up regardless as to whether WCB accept the offer or not imo. Based on nothing other than the timings of the previous bids I reckon we might see something in Feb. We also have the half year results and full year guidance to come in Feb which will put a floor under WCB - no idea where though!

Exciting month ahead imo.