No real shorting to speak of...one would think that if BAD news...

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.