There has been some skuttlebutt that BHP might be interested in "scooping up" a few juniors for bargain prices.
As much as I hate to say it I think that BRM could be on their radar and that a bid of $3 might be seriously looked at by both parties. $3 buys BHP a 1B JORC'd resource for 30c/tonne in the ground and also gives them 19 other Fe tenements and some Nickel assets for the future. It also saves them a stack of legal fees and unnecessary distraction pertainig to rail access demands.
$3 might also look tempting for the $2.50 investors... if anyone of them are still left in the game. It's all about votes and I suggest that it might be hard for the Chairman and his team to casually fend off such an offer. Would be a tragedy to see happen... but I suggest in the current climate it might be looked on favourably by the majority of holders. Thoughts?
BRM Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held