short termers out long termers in, page-11

Fully diluted is NOT listed trading volume NOR Top 20 .


I think most of the options have to be paid for - sure at a discount, but cash to the co all the same .

If you honestly feel comfortable in thinking BRM is fairly priced to consolidate at only 28 cents per tonne on my calcs or 34 cents per tonne on your calcs then I fear BRM will never reach fair value .
Probably be taken over by FMG or RIO at $1 per tonne inground .
The only saving grace is that the TOP 20 increased their holding, most not selling one share .