Well for a start Mozart, FMG may not well want Wah Nam directors to be party to any negotiations because of its share holding in FRS. This immediately puts the new BRM directors in a position of having access to privileged information, and a real conflict of interest. That is why is stressed before the role of corporate governance, and the possibility that the two new directors may have to be ring-fenced from any negotiations with FMG.
They may been able to pull the wool over the T/O Panel, and maybe HK has laxer rules, but Twiggy will be a much tougher nut. The arrogance of both new directors' statements is not a good start. They do not seem to display a deep understanding of their position and roles.
BRM Price at posting:
$3.76 Sentiment: Hold Disclosure: Held
