wah nam takeover offer for brm and frs??, page-64

OrlandoG said"I reckon this is somekind of attempt to spruce up the price for a cap raising"

I don't think it is. I think Sinosteel and one of the Chinese railway companys are behind it. They want the port facilities of the NWIOA. I think they intend to build there own railway line for the BRM and FRS deposits.

As the Wah Nam share price has gone up 10% that should make the Brockman bid worth $7.15.

Would'nt be surprised to see BHP counterbid for BRM to block the Chinese at $8-$12 a share.