I suspect it is in the Australian government interest to catch out WNI up to no good and use them as an example to keep them ChaiLese from acquiring full ownership in Aussie resources companies.
I don't think ASIC is lame as we think. They may have been ambushing WNI ever since WR complained of their dodgy warehousing in the past.
The Sundance HanLong dodgy Chinaman brothers insider trading case was uncovered by careful monitoring by ASIC in a sting operation.
C'mon ASIC, clean up this criminal act and protect Australian interests from the maurauding greedy Chinese hordes.
BRM Price at posting:
$2.40 Sentiment: Buy Disclosure: Held