re: Ann: Withdrawal and Notification of Resol...
I don't reckon the next few months will be a good time to try to raise capital. I think there is a flight of money from the market until the European situation stabilises - which is likely to be early next year, particularly as the new Spanish government isn't sworn in until late December and they're not outlining what they propose to do in relation to cutting the nation's deficit until then.
WNI boasted that they could arrange capital raisings on more favourable terms through HK. Given their SP has dropped as much as BRM's and thus burned their BRM takeover collaborators, I don't reckon there'll be too many HK investors ready to jump in if WNI is out there doing the spruiking.
BRM Price at posting:
$1.80 Sentiment: None Disclosure: Held
