directors resignations explained, page-12

China Railway Materials (CRM) now formally supports AGO's deal for FRS and intends to accept when the offer opens 5th September.

http://www.theaustralian.com.au/business/mining-energy/atlas-bid-for-ferraus-gets-boost/story-e6frg9df-1226124651627

This brings AGO's relevant interest in FRS being 52.2% making its offer unconditional.

I think FRS 8% holder China Western Mining is likely to accept AGO's offer. Non-China backed WNI cannot win FRS now.

I suspect they will wait for a high price for FRS and sell its FRS holding on market, to get exact cash (maybe to mop up BRM and look for a new target).

WNI's original supporting point to combine both BRM & FRS tenements as the selling point for its takeover for BRM & FRS now fails.

Interesting times for DMA now.