I can't see a resolution to the Wah Nam conundrum for years to...

I can't see a resolution to the Wah Nam conundrum for years to come.

Wah Nam having majority ownership has a blocking stake.

Unlike FRS, this makes BRM a useless takeover proposition.

The only thing I can see is the Wah Nam (a front for the PRC state) continue to mop up shares to increase their holdings and at some point announce a CASH takeover of all remaining shares after we poor shareholders are tired, exhausted and demoralised. They will threatened to turn it into a private company once their holdings increase to 70% (a level I think where holders will get the jitters).

But then, one must ask the question...why would they want to do that. Without rail, it's throwing good money after bad money. They may own the ore but they aren't going anywhere.