from recollection, Wah Nam valued Brockman at $2.40 per share....

from recollection, Wah Nam valued Brockman at $2.40 per share. Shareholders were given $1.50 cash and 18 Wah Nam shares valued at 5 cents each. The Chairman is the fellow that made available the $1.50 cash and over the years funds for working capital. He's not selling but is no doubt frustrated by the slow progress of getting the mine and rail up and running. I guess he didn't factor in how determined the big players such as Fortescue are to stifle the iron ore juniors such as BCK.
I don't get a sense that Min Resources' Ellison has been able to make much progress with the WA government over the port and rail options. I would be surprised if by the end of this year Min Resources has satisfactorily progressed the transport and port elements to satisfy the joint venture agreement. If they haven't, I imagine that BCK will be expecting them to stump up more working capital cash for BCK to keep going beyond 2022 or perhaps BCK will start looking at other partners and options.