BRM brockman resources limited

I have been trying to study WN balance sheet. Not being an...

  1. 976 Posts.
    I have been trying to study WN balance sheet. Not being an accountant i can't understand most of it.
    It appears they increased their lost of 3.44c per share in 31/12/2009 to 5.99c to end of last yr. They had 3.924bill shares at the time.
    They're paying about 3% interest.
    Will and can the 3 lge banks in their top 10 share holders continue to support them?
    They have capital of 392,244m Hk and
    1,262,026m reserves??
    They are due 1,457,514m from subsidiaries??
    The last 2 things I can't understand.
    Because of what subsidiaries owe them they have assets of 1.262m.
    Can some one assess and correct any of my error.
    Mr luk is reasonable new on the board and have got 39m opts
    @ $2 to pay.
    Every thing is a mystery to me.
    Did or do WN have to pay his mates $6+ au. for their support?
    If so how much is the 6c lost per share will go up this yr.
    The question is:
    Can WN survive as a viable company??
    I checked 2 companies charts I'm interested in, BSM & GRR. and it is similar to BRM's, even BHP's was similar.
    A rise then slide since Jan. to a price near Jan 2010.
    WN has taken the gloss of BRM but is slide general?
    Be wonderful if WN crashes and have to sell their BRM.
    Cheers all.
    kiwi


 
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