BRM brockman resources limited

I am purely playing the devil's advocate here and it's pure...

  1. 10,494 Posts.
    I am purely playing the devil's advocate here and it's pure conjecture with no basis of evidence.

    Some may suspect that the reason Mr Luk (he has to approve it at the very least) released the ASX supplementary T.O circular is to protect (pre-emptively) the share price from being battered in the days ahead. Wah Nam may now face steep losses in their investments.

    This is done IMO in light of the following:

    1) My Luk is a person of interest with the ICAC and is being sought to cooperate. In other words, he may possibly be charged for corruption. (Now, the timing of the ICAC story may be co-incidental but I think the release may have been timed for points 2 & 3)

    2) The rail deal was dead in the water when WR left the company. As we wait with baited breathe with 3 days to go, we get a fizzer !

    3) Without finance and rail deals, BRM is stranded and at risk of losing the South West Creek Port Headland allocations to AGO.

 
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