to while away what might be a forgettable morning.is this the play? BRM have been subject to massive afternoon buying of late with some conjecture that it may be coming out of asia.are the bidders and their related parties shoring up the bid for BRM to make sure it gets over the line as it is a more advanced project and hence it would form the basis for their play and if they do get that across the line,as it only requires 50% acceptance, then i think that would open the way for a higher offer for FRS say 1.50-1.60 which while still too cheap would i think get it passed.that way they wrap up the port allocations , they get nearly a billion tonnes of ore plus considerable exploration upside, a tasty looking manganese play. of course the fly in this ointment would be a rail deal by one or both with BHP,and is this another play,FRS have taken the sledgehammer between the eyes approach,BRM have taken the quieter don't mention the war approach, so if one or the other obtain access it sets the basis for a tie-up anyway.thoughts anyone? cheers.
FRS Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
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