Can someone explain to me why the fact the offer has gone 'unconditional' is now a compelling reason for me to accept?
How about some compelling reasons to reject:
1/ The 'independent' valuation takes no account of the outstanding drilling results for Opthalmia - the greatest results in BRM history 2/ The 'independent valuation' is completely at odds with the valuation conducted only a few months prior - and broker reports pulled from the corporate web site 3/ The value and liquidity of Wah Nam shares has continued to fall since the launch of the bid 4/ The Chairman of BRM is apparently still under investigation for corruption by Hong Kong authorities 5/ The 'valuation' of the bid is well short of the true asset value for BRM
Need I go on?
BRM Price at posting:
$2.38 Sentiment: Buy Disclosure: Held
