Last week I shared a wire on WDR alluding to the fact that the Company may have been in talks with Noble Group around a potential change of control. Today WDR advised that an offtake agreement had been reached for all of the production to come from its Roper Bar Iron Ore operation that is due to commence production later this year. The agreement ties up all of the production coming from the project for the next 5 years. The market barely flinched at the news, however, I still believe WDR is being overlooked as a potential takeover target or at least as business likely to start generating substantial cash flow in the coming years. Here is the release (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.