Postman.your figour of $726.818m less say $126.618m for their other assets (I'm being generous) = $600m
They hold 105.265m BRM shares. It means their book values BRM @ $5.70 a share?
You are even more generous, A$5.03.
Any accountant in H/C? Can you look into it for us?.
Re WN finance for T/O
They held 80.133m BRM prior to T/O.
As @ 15/2/2012 they hold 105.268m.
Increase of aprox. 25m shares times $1.5 = $38m
They sold Atlas for $28.5m + bond of $9.44m =$37.94m
OK they got cash for present acceptors.
To get to 90% they need another 17% = 24m BRM.
=$36m. where is the money?
I think BRM has about that much left in kitty.
Are they allowed to use it for T/O?
Will they got the 24m BRM for composery T/O?
HOLD TIGHT.
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