I think their average price will end up between $4 to $5. Where are they getting the cash to buy BRM and FRS shares? I think they are being funded by other big parties. If so they would not be selling back the shares to the funding party,unless there was a deal where by WNI will get a certain percentage of shares or cash for doing the front work to hide up the real buyers. Who would invest into WNI the amount of cash that has been spent in buying BRM and FRS shares?No one in their right mind would fund WNI with the meager profits they return on their own companies. Who would touch an airport passenger transport group showing no knowledge of iron ore?
BRM as all know has been a great investment until WNI came along.The amount of cash WNI have spent,would have really pushed BRM to raise that sort of funding for Marillana and other tenements at the time the offer was put in by WNI. WNI seem to have no problem in finding the cash to buy more shares.
Regards Westcott.
BRM Price at posting:
$3.97 Sentiment: None Disclosure: Not Held
