It's funny to think BRM once had an FMG rail agreement in their mits - onerous though it was - and turned their noses up at it.
If WNI was concerned for the company as a whole, and not almost wholly dedicated to ripping off the minority holders, we all would have had a different reality - rail agreement would ahve been signed, the FID would have been made, and BRM probably been able to raise debt/equity capital from HK/Local market, from an FMG stake in BRM.....Instead WNI were greedy - they wanted it all, and they spent 12 months devising how to rip of the other shareholders, when they could have progressed the project. No need to describe them - their quality is self-evident.
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.