will wah nam extend?, page-49

Maybe Wah Nam was just spinning a final bit of scare in a last attempt to get some locals over to WNI.

I cannot see that it is in Wah Nam's interest to have a weak share price. If they want to get involved in funding a strong shareprice would seem obvious. It really depends on their motivation. If they want to see a happy management, happy associates and a return of the BRM story to the fore, it would seem obvious to me not to talk down the shareprice.

But Wah Nam are just about strange group of corporate guys to ever visit a miner's share register. Who knows really what their motivations are.

I have heard people talk of them having backers, and yet the CIO, when he was in Australia made mention of them only some initial discussions with Chinese mills. I get the feeling they are in new territory and not quite decided on their next step.

I am sure BRM would have considered an FRS-BRM tie up, and may have some initial numbers on viability. In their recent discussions with BRM, maybe this was brought up. If the numbers do not stack up for stand alone rail, Wah Nam will have to do some serious thinking about their plans for a stand alone rail, and what the other options are.