not sure I understand how any of that is frustrating. Whatever the motive, this is a genuine and reasonable bid. Perhaps under valued, but none the less genuine. Is it any surprise that the Chinese want to try and break the duopoly that RIO and BHP hold. Certainly not in my opinion, it's a world economy.
That the Chinese may be backing this whole deal is great in my opinion. Let the games begin. Happy to see someone take on BHP, it evens up the playing field.
Options for BHP,..counter bid, ..provide rail and infrastructural access....offer an oftake agreement....
it's all good in my opinion.
BRM Price at posting:
$5.97 Sentiment: Buy Disclosure: Held