probably along the lines of "ou paid a multiple of effectively 500% BRM's price for BCI, so let's do a deal at 150% or $7.50 per share"
Still plenty on the table for Regent if they see value at $11.40/t (or $47.88 for BRM).
Better still, they will have a working relationship pretty soon with FMG which should be a plus for the negotiations?
Anyway, pure speculation, but I like your thoughts mining guru.
China Inc will be at work in the background. Too much at stake for a toy company and limo rental mob to get too far with this on their own. ....and regent is on the record as looking for further acquisitions in Oz.
BRM Price at posting:
$5.00 Sentiment: Buy Disclosure: Held
