I visited the Brockman offices in Perth on Friday and met with a Senior Executive and discussed the company's development as a relatively large shareholder.
The key points that came out of the meeting were the following:
1) Rail. Negotiations are on-going with FMG. They intend to only negotiate a binding agreement. They expect the negotiations to be finalised in a period of less than 2 months from now.
2)Wah Nam. Don't think Wah Nam associated have been buying recently. Believe takeover panel have left their options open in relation to associates and accepting of the offer.
3) Funding. They are looking at a number of options. Interested in debt funding so dilution of existing shareholders is kept to a mininum. Have Chinese interest in helping funding.
4) Product. They have a great product that is not to fine. Great for blending with other products.
All up a very informative meeting. Very happy with how the company is going. Not long to wait for rail. I certainly think it will be worth the wait!
BRM Price at posting:
$5.90 Sentiment: Buy Disclosure: Held
