re: Ann: Open Briefing - MD on Strategic Deve... AGO and FRS don't have rail but are flying. AGO approaching all time highs and FRS about to hit $1.
On Wah Sham's assessment, BRM is worth 5 times as much as FRS, so we should be closer to $5 than $3.... and that doesn't take account of the increased shares FRS has since the cap raising... so probably closer to $6+ equivalent.
Wah Sham is weighing the stock down big time. I think that the market believes the as long as Wah Sham are around a rail deal is never going to happen.
They only skill Wah Sham have shown is how to dilute shareholders.
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Ann: Open Briefing - MD on Strategic Development , page-16
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