The Greeks go back to election on 17th June. Pretty obvious these dogs are taking advantage of another month of volatility to the max.
Well, this is a war of attrition. Sell or not to sell ?
$2.5 is low ball but considering AGO now trades at around $2 when it hit $4.3 when BRM was around $6....hmmmm
$1.5 + dunny roll off the fast printing press (when BRM could also lose the port allocation and the whole BRM remains a still born) is also a big risk.
If FMG strikes a deal with AGO at anytime, the WNI dunny roll will become $0 literally. The QR rail deal if can be pulled off will (if I remember correctly from one of teh news articles) not be built for BRM until 2017.
Think I'll hedge my bets.
BRM Price at posting:
$2.45 Sentiment: None Disclosure: Held
