I agree. We all know Wah Nam is using the current negativity as a vehicle to mop up anything they can.
I always suspected they would move quite quickly in the new year. They want 100% now because at some point the news will start to leak and the share price will move north.
They aren't dumb, just unethical. They are in the business of making money and from all things it looks like they are going to achieve what Wayne couldn't.
Don't for one minute think you need to sell on market just to please the takeover offer or because you have no other options.
You can choose to hold and wait for a better offer, or the inevitable time when the company secures a rail deal.
BRM Price at posting:
$2.25 Sentiment: None Disclosure: Held
