Sound reasonable logic to me, Heeman. But i dont think we can rule out major shareholders buying and selling shares so that they can realise a capital loss this financial year. if bought and sold between entities that they own, then no need to declare change in holdings. This may explain, inter alia, the 30 Million or so shares reported on this site last week to have changed hands 'after hours'?
I think the first of July will see a realistic valuation on this share and i believe it will be up. however, Ill be looking to bail out if quickly if this is not the case.
WDR Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
