offer at 0.65, page-4

I only have a very small packet of 3000 shares at the moment which I bought for 0.63 a few months back. I'm only 20 and studying full time so I don't have the money to hold large amounts of any one stock, plus I was unsure on the safety of iron ore at the time. But my confidence in WDR and the outlook for iron ore has grown since then, and I'll probably buy the full 23,076 shares I'm allowed to and then sell down about 12k of them as soon as possible, leaving me with around 15k units. Depending on what price I can get for them I might sell more or less.

I have confidence that it will got to 1.25-2.00 by the end of next year, but I'm on of those who needs the cash for other reasons (to buy other shares, mainly), not one of the idiots who doesn't realize the potential return they are giving up.

I can't see the price dropping really at all when the shares become tradeable though, for the simple reason that you can sell your existing holding now at 74.5c and then still participate in the offer and buy back your position at 65c, no need to wait.