BRM brockman resources limited
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no firb approval yet

  1. phillip_k
    5,161 Posts.
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    31/01/12
    17:39
    Post #: 9622935
    Why FIRB approval not given yet I wonder?

    If Wah Nam does not have it by this stage, it may be they will never get it. Maybe FIRB has seen Wah Nam's behaviour since the first takeover in Nov 2010 and decided it is not in the country's best interests to have them buying out BRM.



    From the announcement

    "As previously announced to the ASX, the Wah Nam shareholder approval and Subscription conditions were fulfilled on 6 January and 10 January 2012 respectively. The Foreign investment approval and 80% minimum acceptance conditions remain outstanding.
    BRM Price at posting: $2.14 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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