wah nam takeover offer for brm and frs??, page-56

Hi (w1londongroup)

Wah Nam Are most probably saying,this is what we offer for a stranded resource.Looked on as two stranded resources BRM and FRS.
Between BRM and FRS,they need around $2.5 billion for rail to get their iron ore to market through other's rail lines.
They are implying that they will pay for rail to get the iron ore to the port.
Wah Nam would most probably have had talks with China Railway (FRS substantial holder)if that is what they are looking to do.
A post on FMS in the last hour titled FMG & FMS reported on a report saying Wah Nam are looking to build a rail line.

Regards
Westcott.