This is great news for FWL. Sin-Tang have been investing in other Australian stocks eg EXCO resources (EXS). That stock doubled on the investment news. They have also invested in Sphere Minerals and have given Xstrata a run for its money in terms of takeover positioning for Sphere. Other investments include Royal Resources. They clearly have the cash and the backing. This is good news for FWL combined with what seems like an off take agreement/JV/project investment given the wording of the latest announcement. If equity is involved in that deal then we will potentially have 2 heavyweights holdings sizable portions of the share capital. This stock can only go up. 50c by year end.
This is not financial advice etc. DYOR.
sin-tang
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