re: Ann: WNI: Waiver of Placement condition o...
I think about $1 HK at best with dilution. From recollection there will be about 7 billion shares after the placement, so assuming they even achieve a market cap of $840 million AUD once BRM under their control, it's about 12 cents AUD. Will they be able to convince anyone that Marillana etc is worth $840 given they've just spent 6 months making sure BRM is worth less than $400 million AUD.
BRM Price at posting:
$2.15 Sentiment: None Disclosure: Held
