The Meijen Energy "take-over" was announced on 18/9/12 at $1.08....

The Meijen Energy "take-over" was announced on 18/9/12 at $1.08. It came out of the blue and we were informed on 30/10/12 that it was not proceeding. No explanation has ever been given for Meijen's withdrawal but suspicions remain that they found something they didn't like during their due diligence.

I am concerned that Mathieson and Perrin now control WDR, however due to the various stuff ups and cost blow outs caused by the decision to start operations during the "wet" and the requirement to raise considerable cash to keep the company from going under, I can understand why the board agreed to the offer of funds from them.