interesting buyer, page-11

Hi Legends,
I'd say this is the reason. Speculation on China is buying up Iron ore juniors.....

CHINA'S Wah Nam has bid for iron ore plays, Brockman Resources and FerrAus, in a move tipped to drive consolidation in the sector.
Emerging Pilbara producer Brockman Resources said today it had received a all-scrip bid from Wah Nam - a 23 per cent shareholder in the company - that values the iron ore hopeful at around $929.6 million.

The Hong Kong-listed company also launched a takeover offer for East Pilbara junior FerrAus, which Wah Nam has a 19.6 per cent stake in.

Shares in both the local stocks soared on the bids, with Brockman up 17 per cent at $5.52 and FerrAus up 22.09 per cent at $1.05.


Cheers
Dave