Sorry guys for this sad state of affairs but I have a feeling...

Sorry guys for this sad state of affairs but I have a feeling the heartache won't end here. I am bearish on WNI in losing the port allocation as a FMG-AGO tie up with a very likely prospect.

I had the gut feel these prix had a big pile of warehoused shares up their sleeves despite their phoning around. As I indicated, I have been hedging my bets and sold down my BRM holdings (ironically more to do with the market rout to take advantage of some battered bargains rather than the fear of WNI getting the 90%).

Hope what's left of my BRM shares are worth something in the future.

It's still too early to suggest whether selling on market at around $2.5 was the wise thing to do.