wah nam takeover offer for brm and frs??, page-74

Just to throw the cat amongst the pigeons. I'm going to suggest that the offer is reasonable (for a first offer). Sure it's under valued to the share price in 2-3 years, but offering a 40% over the existing SP (60% over the average last few months), is reasonable.

As a long termer, my intent was to ride this all the way to production and double figure. That can still be achieved given that WH intends to list on the asx. BRM with still be there, the growth potential is there, and dare I say current management will still be there. Just the SP is higher and the risk is diluted a little.

Sorry...but i'm a bit of a glass three quarter full sort of guy....