I don't like the way this whole saga has unfolded but with the ferocity and tenacity that Wah Nam has shown in this takeover, their maybe a slither of hope. They obviously have a huge network of investors/puppets with deep pockets that are willing to put their money on the line, unlike WR.
On another note, blame needs to be apportioned to the WA government and Premier as they so meekly cower to RIO and BHP by not enforcing the 1987 WA Rail Transport Agreement where BHP/RIO are required to haul materials for other miners. This is another case of our governments being bullied by influential parties.
I believe that this is where the farce first began. The unfortunate reality is that BRM has no rail deal, no support from the WA gov't re 87 Rail Agreement, no support from the courts, no support from ASIC or the FIRB. This would not happen in China as they would have received support and backing from the beginning. All we have received from our government is empty promises and light chest beating. Very unaustralian!!
BRM Price at posting:
$4.77 Sentiment: Hold Disclosure: Held
