wan nam ploy finally uncovered ? comments

There is another possibility which I think is themost likely now !

The UBS presentation may in fact be targeting BRM share holders rather than any prospective suitor.

And that the recent price rise was a engineered pump by WN to indicate how much the sp has come off the lows to create a flase sense of well being.

Having taken the sp to $2.19 (as highlighted in the preso), they then take to the share holders the proposal to mop up the outstanding shares at a crap premium to $3.5 (as per the diliberately leaked news article). They will then say, hey we are offerng you a 60% premium to $2.19.

Perhaps a rail deal is deliberately stalled to make share holders lose hope and therefore likely to comply to the $3.5 offer.

Wonder what incentives WN will give to the BRM board to recommend such dud deal to share holders.