todays financial review, page-4

Apparently Gringo - they are just a bunch of nice guys .. just "misunderstood" according to our "independent" Chairman ... who then goes on to concede that the reason for the overt "go slow" is to rid themselves of the minority holders.

Beckwith's puppet-work is on a level that would make a North Korean diplomat blush with envy.

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"Wah Nam director Warren Beckwith said the takeover would help clarify the company's profile in Australia, which had been shrouded in mystery by the limousine background.

"There are no Chinese state-owned enterprises or any other big brothers behind this company," he said. "It is a group of people who have got together as investors to form a mining company with ambitions in iron ore, coal and copper."

Brockman shares were worth more than $6 in March but they plummeted as Wah Nam conducted a hostile takeover that pushed back development timelines for Brockman's flagship Marillana iron ore project.

That project and Brockman as a whole are now the subject of strategic reviews, and a final investment decision on Marillana is not expected before mid-2012.

Mr Beckwith said the move to control 100 per cent would speed up decision making and help get the Marillana project into action faster.

Read more: http://www.brisbanetimes.com.au/business/brockman-suitor-disclaims-state-ties-20111212-1orf6.html#ixzz1gTJkQBGk