China Railway Materials (CRM) now formally supports AGO's deal...

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.