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.
BRM Price at posting:
$2.47 Sentiment: None Disclosure: Not Held
