more coverage on takeover, page-7

However for some who brought a truck load at 35c $1.40 would be a good offer, but for many long termers a kick in the teeth and IMO not in the berst interest of all shareholders, perhaps 50% is a premuim, but can it be argued that UMCs SP was held back by someone else having plans to take them out, eg FMG. or was it just poor management with getting the right major investors on board, the deal with CRM corrected this but perhaps now too late :(

Yep, BRM +$4.00 and UMC would have been a distant memory and the Railway deposit forgotten.


This part from the above article

"Shares in Australia's mineral-rich but capital-poor United Minerals"
But you have to open your eyes wider and see beyond the trees to see the forrest.


http://www.crmsc.com.cn/english/index.asp

CRM
China Railway Materials Commercial Corporation (CRM) is a large-scale state-owned enterprise under the supervision of State-owned Assets Supervision & Administration Commission of the State Council (SASAC).

It’s a large scale international group in trading and logistics whose market targeting not only railway systems but also the whole society.CRM’s major business is to provide all materials for the transportation and construction of the railway system, including rails, diesel oil, wheels, wheel hubs, machinery and electronic equipments, locomotive and rolling stock spare parts, steels, cement, and woods. Its minor business includes large scale storehouses, distribution, real estate,