re: News: Brockman Welcomes Conclusion of Wah...
Let's just hope that there wasn't some kind of backroom deal here to secure the support of the Board.
Wah Sham's strategy here is clear ..
in their own words
"Wah Nam believes that the consolidation of iron ore projects in the Pilbara, which is demonstrated by Wah Nam's takeover bid for FerrAus Limited and its continuing evaluation of other opportunities, would be a positive next step in group development."
So the clearly plan is to just replicate these pulp offers and snare other Australian assets.
Once again the Shareholders have been treated like navel lint, and its clear that Wah Nam and their new puppets are prepared to say anything to shareholders in order to achieve their objective.
BRM Price at posting:
$3.61 Sentiment: None Disclosure: Held
