Wasnt me.......but sale or potential deals had to happen at some point with copper holding +US$3/lb for months.
Although BRW hold 30% of Eloise this interest is a NRI so they dont pay capex to expand or bring the mine back into production. BRW also hold all the ground around Eloise and were keen to release value from non core assets. These details may make it possible that a new party has reached an agreement with both FMR and BRW to sell (or IPO) their combined mine holdings and exploration leases. Dont know for sure, just speculating.
BRW Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
