Seriously, given the strange turnaround by the board, I'd suggest this is WN's way of "sounding out" to potential suitors to buy us out at circa $3.50.
The perverse recommendation of the board in itself is important in this "sounding out" as it tells (AGO, Indians, Russians and others...who knows Xstrata like IO) that we are "ON THE MARKET".
The board knows there is NO WAY Marillana can be developed without an iron clad rail deal (hence no way of ever seeing the SP rise again).
Best outcome is suitors are flushed out to compete.
BRM Price at posting:
$2.32 Sentiment: Buy Disclosure: Held
