I draw to your attention the WahNam now unconditional bid for BRM (and the trading halt BRM are now in).
It will certainly be interesting to see if there is any change to the bid price or the response. What was the Foster's price target for IOH = $3.84.
What was OE's valuation of IOH (at WahNam take over prices) 500-680 mil = about $3.50 sp even after CR dilution.
At this rate IOH will be the last man standing and may get a little bit more of the attention that I think they deserve as a strategically located holder of deposits.
I reckon a rapid re-valuation of IOH (post CR) to the $3.50 level to give the majors a hurry up in negotiations.
Thoughts...?
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ioh last man standing... and the brm story?
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