As having expected (feared) them WNI getting their 80% it’s now time to reflect the possibilities and chances for us minority holders coldblooded. I can accept easily gringokongo and others to surrender to (mainly) timeframe and pressure - everyone has to look after his own fortune.
Its very clear that WNI does want 100% - I don’t see them as mining operators, they have made an investment and want maximum profit on it. The recent news (article in today's AFR and Bloomberg – see postings re: qr national (brighthope), Post: 8003903 and re: wni cold calling (Mozart56), Post: 8006753) make it very clear that a LOT of money will be made with BRM (selling or operating the company). If we have the possibility to hold out and stay firm together, we can participate in this process.
As an overseas holder (Austria) I do not know how realistic a delisting is and I have to relay on informations from you Australians. But what’s the use of a delisting? For me the lost of publicity (being off market) is threatening. Not to know what they are doing, whats going on. – And I think that’s exactly what WNI is aiming at.
If we keep on managing a competent message forum via HC and Brockman Shareholder Collective or other means we can make things transparent. And if there is a possibility to block a delisting together we can manage this too.
Maybe timeframe is on our side – the more you have invested the greater is time pressure on your return of investment. And WNI has some investors in its neck that wait for their profits. We all know the real value of our stake in BRM and we do want our true share of that value. Together we really can get it.
BRM Price at posting:
$2.20 Sentiment: Hold Disclosure: Held