Ann: Manna Lithium Deal to Fund Gold Focus at Lake Roe Project, page-33

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timjames109

752 Posts.

189

23/12/21

13:15

Post #: 58486138
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Originally posted by HaastsEagle: ↑

I am with @Rockfall. I like BRB for the gold. I also have bought more; just irritated I went too early.

Lets be rational here.

1. If this is the biggest lithium resource ever and prices keep escalating - we own 20% of it. 20% of, say, $1B is still twice current MC - whats not to like.
2. If the Li price boom proves short-lived and/or the resource is just middling, we have missed out on all the distraction and grief of trying to develop it.
3. No CR in the short term.
4. Less need for CR in the medium term unless 2 above applies, in which case again we have lost nothing by giving it a crack.

They have actually structured this exactly as my measured and cautious personality would have done. GL1 can take all the work and grief on a fair to middling result, we improve our path to our main objective (gold), and if the thing is a show-stopper we still get a significant dividend.

Besides - being rational again - if you thought the Li was such a sure bet, just buy GL1. Its only up 9%. If you thought this thing was a company-maker for BRB it remains so for GL1. Just pivot.....

Have a good Xmas all whether you are a gold bug or got your head stuck in a battery....

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imo if you are buying just for the gold asset you aren't buying at a bargin and will likely lose money from this.

BRB Price at posting: 27.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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