is a takeover imminent?, page-13

"It might be an incentive to get us onto BHP's rail."

Let me clarify this point - I would think BHP would not like to have the Chinese in its Pibara back yard. A way for them to block this is to get BRM onto it's rail - this will raise the market cap of BRM to the point where a takeover will be significantly more expensive. I will also lock BRM into a solid BHP alliance, knocking out a further incentive for Wah Nam to move to a full takeover - it would probably prove unworkable with a BHP tie up.