This Is End Game. Azarga are Agreeing In Principle., page-5

BT,

I am buying more BLR on Monday because the exchange ratio is well in the favour of BLR. Then I will own WUC after making up my loss at BLR. Then WUC will go into production and AZZ could bid a big price for WUC because AZZ will own over 14% WUC already. AZZ is playing a smart game because they know only Glasier can get HT into production on time and in budget. AZZ can not develop HT from Hong Kong or Singapore. Business class and first class tickets are expensive fom Asia to Denver.

Cait