Apparently in today's Fin Review. I haven't read the article, but going on what I was told was in it, David Flanagan has said AGO isn't interested. He also said that the new director on the BRM board Howard Chu is very good at understanding the rail/port issues and negotiating the way forward. Flanagan also believes that Wah Nam are genuine about bring the mine into operation.
I'm a bit miffed about Wah Nam making the takeover offer complete at 80%. I'm not sure if they're happy to then share the spoils with the remaining 20% or it will then make it easier for them to dilute the 20% to less than 10% and then make a really poor final offer. I tend to think it's the latter.
BRM Price at posting:
$2.27 Sentiment: None Disclosure: Held
