China Railway Materials (CRM) now formally supports AGO's deal for FRS and intends to accept when the offer opens 5th September.
http://www.theaustralian.com.au/business/mining-energy/atlas-bid-for-ferraus-gets-boost/story-e6frg9df-1226124651627
This brings AGO's relevant interest in FRS being 52.2% making its offer unconditional.
I think FRS 8% holder China Western Mining is likely to accept AGO's offer. Non-China backed WNI cannot win FRS now.
I suspect they will wait for a high price for FRS and sell its FRS holding on market, to get exact cash (maybe to mop up BRM and look for a new target).
WNI's original supporting point to combine both BRM & FRS tenements as the selling point for its takeover for BRM & FRS now fails.
Interesting times for DMA now.
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China Railway Materials (CRM) now formally supports AGO's deal...
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