what,s going on, page-2

Interesting take Barron.

How keen do you think Wah Nam are to stay on the register?

There is some speculation that Wah Nam might come back to the table to get Atlas too

http://www.smh.com.au/business/snubbed-wah-nam-walks-away-from-miner-20110628-1govm.html

Is there a chance that Sino might take Wah Nam's stake? BRM could well fill their supply gap nicely... but they would still need a rail option. If BRM goes alone to build a line to the port then it could set the project back a couple of years couldn't it?... whereas with Twiggy you only need to build a 35km spur line that you end up giving to FMG in return for access?? Hence Sino could take either all of Wah Nam's stake and fund the spur, or perhaps just fund the spur and take a pile of shares?

If BRM need to raise cash, it will want the SP to be well north of where it is now. It needs to issue almost triple the stock for the same result it could have got six months ago. Unfortunately any dilutive tactic on Wah Nam also dilutes all the other holders too?