These are very trying times for everyone but I agree that the sentiments of the long termers is starting to assist wnh.
As far as a capital raising goes they can only raise 22m shares at a price without shareholder approval.
More can be raised if ratified by holders. The timing here needs to be exquisite. Wnh controls at least 32% of the vote.
Rail is on the critical path for bfs so an announcement cannot be far away if the company is to keep to the current timetable.
Good luck all. I agree these are tough times but developing a multi billion dollar company is never easy and never built in a day.
Each to their own of course but I am staying the course until news confirms that we have failed. Obviously failure will be ugly but think about it as us all collectively being in this business The rewards still outweigh the risk and clear heads need to prevail.
BRM Price at posting:
$5.57 Sentiment: Buy Disclosure: Held
