BRM WNI

re: Ann: BRM: Wah Nam acquires over 90% relev... Not out of the...

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  1. KookE
    1,786 Posts.
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    31/05/12
    13:22
    Post #: 10248112
    re: Ann: BRM: Wah Nam acquires over 90% relev... Not out of the question luckbud. However AGO has more than enough resource given the current market, so would need a change in conditions before you see too much movement. Certainly a depressed market sometimes spurs merger and acquisitions surprises that you don't seem coming though. WNI could have given up pushing for BRM ages ago, so they haven't done this without a strategy in mind IMO.

    I got into and out of WNI when the market turned south but am still holding some WNIO. None of this takeover has been pretty, and I do feel for BRM holders, but I'm simply looking to trade out of a losing position back into profit sometime in the future.

    Thanks to whoever gave me a few more WNIOs today. ;-)
    WNI Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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