Mozart, re rail watch committee. Sadly, I think you are absolutely right. Of course one can be caustic about government committees that achieve nothing, or treasures who have nothing to do but defend their seats and think up new ways of taking our money from us, but I am $300,000 down on BRM and I'd like to claw that back because I can't afford to lose it.
Bottom line is that I don't hink we can depned on the Government, or the Pilbara Iron Ore Committee. They will do, eventually, what the voters want and the voters are too distant from the needs of BRM.
I don't think BRM has too much future if it can't broker a way of getting its ore to port. BHP I think are out. Hancock, as Mozart puts it is an unknown, Fortescue have their own resource so why ship someone elses ore at a price less than Fortescue can sell their ore for?
I would love to see BRM negotiate a decent deal with Fortescue or Hancock, but I don't see it coming. I see them, along with others in the same predicament putting pressure on the government to force existing railways to accept third party cartage or, if they really have a big enough resource, build their own railway. The cost for a "village" railway would be about $1 million a km so for 300 to 400 million BRM could have its own railway. Marry this with an offtake agreement with the Chinese, who build the railway and we have a problem solved. Of course there are "i's" to be dotted and "t's" to be crossed but I think this may be the only way.
In the meantime, I suggest that all us BRM supporters keep the pressure of Wanye to resolve tranportation and I';; be that many times that pressure is coming from the guys who invested at $2.50 and have seen their investment reduced by 60%. If Wayne canot perform, then get rid of him.
But an investment in BRM has an opptorunity cost. I paid on market about 500k for my shares in BRM. I've lost half of it and, understandably, I'm not happy. Today HHP rose $4 a share, what BRM have to relaise is that investors don't fall in love with stock, and if BRM are not perfoming, and they not, invertors move to to other places. This is why BRM hav efallen, its not short selling, its that BRM are viewed as a dog unless they can get tranportation arrangements in place. Me I'm beggining to lose confidence in management. And, if I am doing this, what
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