genuine brm sellers, page-56

I am sure they will have thought of this already.

BRM gives FMG a significant stake which will financially benefit them when the BRM share price increases; at the same time they gain some level of control of BRM so that they can reduce their own risk.

BRM at the same time is able to dilute WN down to regain some control.

All while not diluting the share register so that we get maximum value when the rail deal is signed.

This is fantastic news for long termers if it is actually reality (all speculation at the moment).

It would however go a long way to explaining why BRM never bothered to dilute 15% to friendly hands (because they already planned to do it in the means of FMG anyway). Why complicate things with 15% beforehand when it just dilutes what they will have to give to FMG to sign the rail deal.

Getting FMG in as a major stakeholder would do wonders for our share price.