sale of iron ore assets, page-13

I am bitterly disappointed, and tend to agree with iluvgold.

I'm disappointed on one hand because I sold out a couple weeks ago in order to deleverage, and remove risk from my portfolio given the volatility in the market. I had planned on buying back in over the next couple months as things (hopefully) settled down, but that opportunity has now been removed. So in that sense I have missed out on some very good capital growth in the short term, but I think most disappointing is the destruction of wpg's potential.

For me, wpg had the potential to go well above $2 and that is what I had counted on when I sold out a couple weeks back. My thought process was that I might miss out on some short term profit, but ultimately I would be able to pick up wpg in the low $1 range and still make a killing as we got closer to production.

This deal has destroyed that opportunity and I don't think shareholders have been adequately compensated for wpg's lost potential.