BRM gets a good wrap in street talk today under the headline "Brockman muscles up its market cap"
Main points from the article are:
*Equity raising to fast track Marillana will boost market cap by 50%
*Raising between $2.50 and $2.60 is only slight discount to last traded
*A bad day in new york could derail process but main reasons it should proceed without incident are that BRM is run by former BHP IO operative Wayne Richards, Marillana is located between FMG and RIO and lastly the surging IO price.
* the raising will allow BRM to get to phase 1 production of 2m to 5m tonnes per year from the second half of 2009
looking good :-)
BRM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
