where is wah nam?, page-16

"Bell Potter Securities resource analyst Andy Hough said the Australian listing may give Brockman and FerrAus shareholders a little more comfort."



Well after reading this....

"Wah Nam International Holdings launched a $2 million IPO this week, telling the Australian Securities Exchange it will have a global market capitalisation of $782.5 million if the $2 million IPO is fully subscribed, and more than $1.64 billion if its all scrip takeover offer for Brockman and Ferraus is successful."

" business is the provision of limousine and shuttle bus services in Hong Kong and in China, and a small base metals mine in China."

AND

"The company claimed revenue of around $12.4 million ($HK95.4 million) last financial year and made and end of year loss of $10.4 million."

Well quite frankly I LAUGHED.

None of that really inspires me to sellout my shares in an Australian explorer to a Chinese limo company!

Oh and according to the ASX today, only 3,593 shares were shorted (2.18%)
So I guess that counts the shorts out of BRM for today anyway.