RE:RE:RE:Question on agreement with Rio ? Equally incredible for me how some people are so infatuated with "allowing" Rio to buy on open market. Since you asked, it's twofold. First, per Garden/Money, we don't want a creeping takeover.
Second, WRN is a close-to-the-vest, non-communicative company. Rio is in possession of confidential info. It'd be insider trading if they were "allowed" to buy on the market.
Its never gonna happen. Reason number #2 I'm holding cash instead of buying here. First, they announce delay. Worst case, further dilution to Rio. I'll buy after we're down 20% from here.
25k shares traded today. No deal in sight.