it's time for wayne to do a deal

..and I'm not talking a rail deal.

The Chinese now have effective control of Brockman Resources. The latest statement from Brockman Chairman Barry Cusack has led me to conclude they are ready to do a deal on moping up the residual shares and transferring full ownership.

Whilst WN can sack the board, replace it with their own, then recommend a low ball bid for the residual, the sacked board members will still have enough shares and converted options to block total ownership. It makes sense for WN to do a deal with the existing Board and have them endorse an offer for the residual shares.

A Board endorsement of a WNI cash offer would likely trigger many of the residual shareholders to sell. Furthermore a successful deal endorsed by the Board would result in all complaints to ASIC and the TOP being shelved.

Of course the key here is the price. In spite of our collective dreams of $10, $20 valuations, the fact remains that BRM is still an undeveloped, stranded, patch of dirt without any infrastructure. WN won't want to push the SP up by solving those problems... better they mop up the remaining shares now, delist, and then develop.

I'm hopeful that any potential deal struck by the Board will apply to ALL shareholders and won't have any of the discretionary Director "sweet heart" components that reared their ugly heads at the UMC Board table.

$6.50 might secure it for all, and in context of the amazing journey many shareholders have had with this stock, is not a bad outcome, given we never solved our biggest problem... rail.

Norgard and Richards would walk away as multi-millionaires, but more importantly the long-termers like me and the many others on here, will actually get some reward for sticking on the roller-coaster until the end.

We may not have seen full value realised, but at least we could end the journey at the highest traded price.

On the flip side of course, the Board may well settle for a much lower price, or we could see WN try their luck on driving the SP lower and acquiring on market... we may even see a so called "expert report" from Clayton Utz or similar, valuing BRM at $2 .. ala UMC. There are as many negative permutations as positive ones.

WR and Board now face the moment of truth.