BRM WNI

Ann: Waiver of Placement condition of takeover fo, page-15

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  1. Mozart56
    9,438 Posts.
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    01/02/12
    17:15
    Post #: 9629758
    re: Ann: WNI: Waiver of Placement condition o... ... meanwhile this time 12 months ago

    "IRON ore explorer Brockman Resources has written to shareholders urging them to reject an unsolicited all-scrip takeover offer from Hong Kong listed Wah Nam International Ltd.

    The Perth-based explorer says it has concerns about the depth and underlying value of Wah Nam shares and Wah Nam's lack of mining development expertise and operational experience."

    What's changed? .. other than the fact the bid valued BRM at $6.52/share.

    http://www.heraldsun.com.au/businessold/brockman-reprieve-from-hostile-tilt/story-e6frfh4f-1225988017358
    http://www.perthnow.com.au/business/local-business/brockman-resources-urges-shareholders-to-reject-wah-nam-international-takeover-bid/story-e6frg2s3-1225956693095

    C'mon FIRB - does it get any clearer than this?
    BRM Price at posting: $2.14 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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