Wah Nam's tactic of installing a stooge Board and throwing out a ludicrous offer is, IMO just a tactical play to convince people to sell on market.
The offer is simply ridiculous. Wah Nam's own independent expert valued Marillana alone at more than $5 just a few months ago and that was less cash and all the other tenements.
They could offer $1.50 cash and 1,000 WNI shares ... it makes no difference. WNI's only asset IS BRM.
Looking forward now for TO panel's eager tick.
BRM Price at posting:
$2.26 Sentiment: Hold Disclosure: Held
