using the atlas numbers to value brm, page-2

Hi Mozart

I think that BRM is still a $10 to 15 stock with rail and finance in place, even though it doesn't resemble one at the moment..

I keep wishing that ASIC decides to make a case against WNI and they subsequently have to reduce to 22%/pre TO bid level.

Can't see WNI having the $'s unless they are prepared to show their government backers to try for another TO offer for FRS if/once FRS shareholders agree to buy AGO south eastern Pilbara assets (stage 1 of AGO TO deal) at August meeting.

A second TO bid by WNI in August: I thought that they are precluded from another TO bid for 12 months , is that the way it works? I thought that was the case for BHP's bid for RIO a few years ago.

Surely the FIRB would have to have a look at the whole of this mess including how they got to 55% of BRM if WNI launch a 2nd bid for FRS once FRS have AGO extra tenements.

I have been buying some more BRM