I don't expect a better offer, they'll drag this out for a while, they may even run the price up to $3 to draw a few out on market.
There are options though, if they close the offer and they start creeping on market it will take a hell of a long time to get to their target without running the price up - opportunity to realise a better price.
They are working on rail and by sandbagging us they're only sandbagging themselves, that can't go on forever - opportunity to realise a better price.
There's no incentive to accept now. WNI is worthless, Wah Nam on the Hang Seng is too much buggering around to even bother with. So you're left with $1.50.
Any right minded and non corrupt person won't be settling for $1.50
BRM Price at posting:
$2.15 Sentiment: None Disclosure: Held