The race for control of the FAS and GWR share holding is hotting up or so 'The Ear' tells me. The man who threw this hat into the ring would be King of the Yilgarn mining area. Named after a planet his vehicle has been very busy of late putting together a string of Acquisitions in the iron ore field.
Shocked that his first "BID" was knocked back out of hand he, according to The Ear, came back to the Bidding Arena and then had documents delivered to him the same afternoon.
Just another rumour or is The Ear right, yet again?
The letter to shareholders from the Chairman of GWR is also worth reading which was posted yesterday under their company announcements.
The 87,000 ounces in gold assets becomes more interesting when you read it in conjunction with the UBS story in the business section of the West Australian newspaper today, upgrading their view on the gold price to a possible $US2,500 value.
Add all the above to the rumour that Mr Brian Gilberton, formerly of BHP Billiton fame, has been spotted by The Ear on the Terrace yesterday. We may yet have a story coming together!
GWR Price at posting:
29.8¢ Sentiment: Buy Disclosure: Held
