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Sounds like wah nam has virtually no other assets other than...

  1. hots
    631 Posts.
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    12/11/10
    09:11
    Post #: 7464999
    Sounds like wah nam has virtually no other assets other than it's holding in brm or frs so unless it's a front for some buyers with deep pockets it's a takeover with zero substance. Maybe Wah Nam is hoping to flush other buyers out so they can sell out?

    http://www.theage.com.au/business/market-surges-as-chinese-bid-for-wa-miners-20101111-17pco.html

    cheers
    hots
    FRS Price at posting: $1.10 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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