using the atlas numbers to value brm, page-13

I feel your pain Gringo.

BRM now needs more than a 220% rise to get back the losses on the last 6 months alone. Thank you Wah Nam... and in particular Mr Tee, who's quote of the year thus far from only 8 days ago -

"We plan to be working for more projects in Australia. We don't want to sound too boastful, but we do have our vision and plan and will execute it step by step according to our strategy."

Unless their plan has been to rob Australian shareholders blind then bury them in toxic Wah Nam scrip it is has been a compete failure. $500M in lost market cap ... that's almost $100M in lost value every month this year. How's your plan looking now Mr Tee???

Raising cash just got a whole lot harder and more expensive.

I always said that the biggest risk was that Wah Nam really were just a bunch of taxi drivers with delusional visions. Given that their CRM colleagues actually voted in favour of dumping WN and going with Flannagan over at FRS its looking more and more likely WN really is Lee Harvey Oswald.

Perhaps instead of BHP, WR should have been banging on Flannagan's door.