BRM places 100m shares to institutions at $7. The upside they get is to participate in the certain re-rating as the market will be under no illusions that the company can move to production.
far fetched maybe, but I am sure there are some investors that
I still think the directors response will lay the foundations for what comes next. we certainly dont want to be taken out IN SCRIP at these levels. BHP would be the only acceptable scrip offer imo.
maybe they dont need the ore, but imo they dont need another headache in a new competitor (that is chinese!) even more.
Common Marius, break your drought on BRM. I hear only acquisitions over $25bn are worth BHP doing, so to help out, lets start the bidding at $200 per share or 5 BHP shares for each BRM share if you prefer scrip, lol.
After some thought, I may reluctantly sell into that bid.
BRM Price at posting:
$5.95 Sentiment: Buy Disclosure: Held
