wan nam ploy finally uncovered ? comments, page-4

I'm not sure they are actually interested in mopping up the residual shares either. As Gringo said, they have control, so unless they plan to sell the asset why borrow money to mop it up? This is clearly a very long-term play.

Trying to second guess their actions and read into the tea leaves there every move is futile I think.

The fact is the market is still betting an offer might come at $2.50 (at a guess) and I suspect if it doesn't materialise soon then we are likely to drift back to the $1.60's and below.

You might see a few positives in the presentation Gringo, but there is still no rail deal, they are still burning through $10M a quarter, there is no CEO, the Chairman is under investigation and the prosepct of raising finance given Wah Nam's history is going to be difficult.