re: News: Brockman Welcomes Conclusion of Wah... The way I see it is:
1 Wah Nam need to turn around the slide in their share price. One way to do that would be to have BRM at higher levels. Perhaps associates can buy up shares as it moves higher?
2 Once the WNI shares are back to around A$.20 they will issue their billion or so shares with help from their backer.
3 With capital in hand make a cash offer of around $6.50 for the remaining BRM shares. Norgard and the board would I feel reject as to low.
They may be all friendly now, buth things can change. Quickly
BRM Price at posting:
$3.61 Sentiment: Buy Disclosure: Held
