Takeover, page-64

No real shorting to speak of...one would think that if BAD news was in the wings the shorter's would be all over it...IMO

http://www.shortman.com.au/stock?q=wdr


From - 31 Jul 2014 : Quarterly Activities Report - March to June 2014 - (Page 14)
http://www.westerndesertresources.com.au/investors/corporate_reports

Bruce appears to have further confidence in this Project...

"...WDR has secured a $5 million working capital finance facility from Hamerroo Pty Ltd, a related party of Mr Bruce Mathieson..."

"Mr Mathieson has expressed a desire to convert any drawn debt under the facility to equity as a further show of faith in the Company and Project".

IMO...Mathieson must be hurting after stumping up all that cash to buy at 50c

http://www.theaustralian.com.au/bus...t-western-desert/story-e6frg90f-1226852341780


16 Jan 2014 : Macquarie - WDR Australia's newest iron-ore producer

Macquarie had an OUTPERFORM on WDR in January 2014

- We are initiating coverage on Western Desert Resources (WDR) with an Outperform rating and set a $1.05 price target.

- We expect the 3mtpa rate to be achieved in the 2QFY15

- Cash costs are expected to average A$60/t on a C1 basis and ~US$70/t on a 62% Fe equivalent CFR China basis.

http://www.westerndesertresources.com.au/investors/research_reports

So..what chance has the average investor got when the likes of Macquarie didn't foresee the wet season challenges or the future plummet in IRON ORE prices 6 months out...mmmm...just saying.

All of the above IMO only...and as always DYOR.