GWR shareholders are lucky someone has their thinking cap on , the directors have pulled of a 12 mill. share pickup for 5c =$600k in WPI ( the next FMG ) imo.
Golden West Resources Limited (ASX Code: GWR) is pleased to announce that it has acquired an 18.6% interest in ASX listed company West Peak Iron Ltd (ASX Code: WPI) by participating in the placement of shortfall shares in WPI’s recent entitlement issue. GWR subscribed for 12,000,000 shares at a price of 5 cents each equating to an investment of $600,000. WPI has invited Mr Kong Leng (Jimmy) Lee, a director of GWR, to join their board.
GWR Price at posting:
19.9¢ Sentiment: Buy Disclosure: Not Held
