I still wonder why WFE thought they could get $35m to buy the CAZ share of the JV. They surely had a particular cornerstone investor in mind, and thought they had a good chance of getting the money.
So they got the C.I., but for some reason not (enough of) the money. I like to think it is because the C.I. has come up with a better plan to build his iron ore investment, and that plan involves CAZ. Remember that Nathan left the Winmar board in mysterious circumstances, so that could be related.
CAZ Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held
