There is something fishy in all of this. Why stop buying ?
Why the phone calls ??
Is WNI trying to flush out the sellers with their sell orders before pouncing ??
Is WNI in negotiation with a major shareholder to do a on market transaction at a low sp (for a big juicy fee) to reach the magical 90% leaving all other minority holders caught out ??
Has Mr Luk's jaw dropped after hearing news leaked of a AGO-FMG merger discussion advancing ??
Are they going to delist or simply let the offer expire but play the game of attrition for many more months ??
Perhaps WNI now realizes that they have little chance of holding onto the NWI port allocation as come 2015, Marillana will still be left untouched and zero chance of FMG being interested in it unlike IOH's Iron Valley deposit which provides synergy ??
BRM Price at posting:
$2.47 Sentiment: None Disclosure: Held
