"However, if a merger of all the JV partners is on the cards then BRZ is a cheap entry. Full disclosure - I don’t own any BRZ, only LPI"
Agree also.
As of today, the discount from BRZ should even be 30% compared to LPI.
The last few days I've increased my BRZ shares.
I now hold LPI and BRZ in the ratio 6 : 4