BRM have been in "discussions" with BHP for the last 4 years. BHP is NOT interested. BRM is NOT in their plans. Nothing has changed. If anyone is waiting for a "killer blow" $10 offer from BHP they are deluding themselves.... and if that was what Wah Nam were hoping for by throwing paper at shareholders, then they have egg on their face too.
BRM's only hope is a spur to FMG or Hancock ... or as a last resort a dedicated line.
I think they will get there, but it won't be with BHP.
BRM Price at posting:
$5.32 Sentiment: Buy Disclosure: Held
