I think this talk of a take over is ridiculous. Wah Nam have a holding of just over 15% of shares. They have not invested any money in BRM.
August 31st 2009 64.85% of shares were held by top 20. Wah Nam held 13.70% of them. Ken Talbot has just under 20% of SDL,but is not looking to take them over.
Wah Nam I think are positioning them selves for the big long term future in BRM. There will be others coming on board to finance the projects.They will want a stake in BRM.
Regards Westcott.
BRM Price at posting:
$3.16 Sentiment: None Disclosure: Held