One of Australian new & larger iron ore mining company, BRM, is being taken over by suspicious way. Authorities have been approached by share holders little to no replies. Dec 11 ;- 1st t/o offer, value $6+, by HK company, WNI. directors advice - reject - under valued. April 11 :-, WNI achieved majority holding. Dec. 11 :- make another t/o offer, value $3. This time directors say accept?? Nothing has changed. 25 Jan 12 :- announcement find of more ore, could more than double reserve.
BRM Price at posting:
$2.23 Sentiment: Hold Disclosure: Held