wah nam want it badly, page-18

Hi Kiwi, we can all view the circumstances any way we want, but I don't blame WNI for the share price drop because it was always on the cards and the Europe issue being a huge factor. I think WNI are in it to make money, but they probably want complete ownershiprol because that way they can decide what is a suitable selling price. As a major stakeholder, they may be happy to accept a price that is unacceptable to the remaining 45%, so a quick sale can't eventuate.

I think we shareholders were hoodwinked into believing a rail deal was almost done. Yet prior to the WNI bid, rail negotiations were in inertia. As soon the WNI bid came out - it suddenly became advanced negotiations with FMG, which were pretty much refuted immediately by FMG.