I may not hold this stock anymore but I do have the view that if a $2.00 offer was put to ordinary GWR holders today they would be mad not to take it. IO prices are only heading one way and we all know where that is.
Just look at FMG...that will be a $2.50 stock within weeks. Best case scenario now would be a cash offer buyout as it would give certainty of return and remove all execution risk going forward - there's way too much cost involved in GWR getting the stuff out of the ground and into production in this climate. This recession global recession is not going to be over in a mtter of months either. Just my opinion.
Good luck to all holders.
GWR Price at posting:
82.5¢ Sentiment: None Disclosure: Not Held
