Probably worth remembering they can't stall forever. They do want the whole company and it seems they're pursuing a rail solution albeit not giving us much information on it.
They have to announce that sometime so it's worth waiting for the announcement.
They can still swallow 3% to creep along to what they need, but that only favours us again. How long will it take them to get there? And we can keep pushing the shares further and further out until they bite.
If they came up with 76% at the end of this I'd guess it would take them another 6-8 months to even get close to 80% the way trade has gone over the past 6 months.
Shares will further dry up and become an even more valuable commodity to Wah Nam.
BRM Price at posting:
$2.18 Sentiment: None Disclosure: Held
