takeover bid, page-5

IMO only - given the resource base at the moment with only 25% land territory explored, cash in bank after CR and looking to production mid next year I would expect at least $2-$2.50 for the shares. If WDR was taken to full production and given the land yet to be explored I would not be surprised if the SP went to $5-$6 in the following 18 months. I think anything less than $2-$2.50 is bargain buying. I note comments that $1-$1.20 is good in this market BUT looking at 6-12 m onths down the track IMO that would be sacrilege to sell at that price. All this IMO only so DYOR. Anyhow will find out today/tomorrow at the latest. WDR is sitting on an exceptional resource base from my reading of the ANN's.