but even compulsory has to be a fair offer (which can be contested via the courts).
Remembering the valuation only took into account Marillana there is the potential for this to take years and years for them, not to mention class action if it goes really pear shaped for those who actually accepted.
I think smarter play would be get as close to 90% as possible, close the offer then make a new bid only to those who held out. The hard heads accept a higher offer and Wah Nam get BRM for a steal still. I would go so far as to say they have a buyer lined up to flick the resources to, maybe thats why they closed the offer, their timelines are nearing close?
BRM Price at posting:
$2.47 Sentiment: Hold Disclosure: Held
