Looks like the buy/sell is starting to reflect the true value of WNI shares ... $0.
How long can WNI sit idle while the likes of FMG and BHP post record production figures and AGO continues to power on? Each month they extend the bid is in effect another month of delay. Big $$$ being lost in potential production revenue... about $200M a month at current prices and full production rates.
They aren't likely to release any good news whilst the takeover is still in-situ. Can't have anything come out that might further illustrate the audacity of this bid.
.. and where is the FIRB tick? Have they hit a speed bump there? .. or will Clayton Utz succefully exploit another loophole or two? Is that why we haven't seen a flurry of "associate" buying?
BRM Price at posting:
$2.03 Sentiment: Hold Disclosure: Held
