Moz, I don't think that WNI's share value will have any bearing on BRM's. It has during the takeover because they couldn't afford to have 1 BRM share be better value than 30 of theirs.
Up until 15 June I'm sure their remaining associate or two will continue to buy on market, maybe there'll be a big spike in buying on the 15th, but from the 16th, I'm sure WNI will want to have their investment rapidly increase in value.
Anyway, from 16 June things should settle down somewhat and the disingenuous selling will hopefully disappear. We might even get news on our best buddy's intentions. I'm ready to hold out my hand so we can move forward together!
It might be worthwhile keeping an eye on who is buying in over the next 12 months. If Asia based holders start buying in significant volumes I can see a repeat of the current takeover. After all, an acceptable precendent has been set.
BRM Price at posting:
$3.95 Sentiment: None Disclosure: Held
