the australian article , page-8

it will be a very interesting week coming up.

WNH must be at or near 19.9% by now. If the buying continues next week, we have another player in the mix imo.

Opening offer for any take over must be what BHP paid for UMC or the equivalent to $9.20 per share. Still only $1.27 per tonne of recoverable ore in ground.

The key to what happens next is Ross Norgard's stand on this issue. As a 13% odd shareholder, his position is key to the long term outcome for ordinary shareholders.

WNH has very astutely built this stake in a pre-agreed move at around $3.11.

Anyone selling now, other than those required to by an ill-timed agreement are mugs imo.

The next few weeks will make compelling viewing imo.

Good luck all. Fingers crossed that the stated production plans are still what is being discussed in the boardroom.