Who understands the logic of Ramelius paying top dollar for Apollo and Lake Rebecca which offers no mill, and only a reasonable amount of relatively low grade ore.
Your judgement above about the logic and competence of Ramelius reflects current market sentiment, but imo the AOP acquisition will be proved good value in time. Perhaps AOP was much closer to economic production than BRB is? A bird in hand and a sound foundation for expansion. Obviously BRB offers great potential and synergies for the RMS (Hub & Spoke) Strategy and you would assume has been on RMS radar for a long time.
As a recent BRB s/h i welcome the Li deal and deflation in the BRB price, to more realistic levels ....IMO Everyone has been judging the AOP acquisition on old and inaccurate MRE data and perhaps comparing the BRB MRE on rather simplistic measures
IMO the Li deal was excellent ... it simplifies BRB and perhaps opens the possibility of corporate action around the 50-60 cent area.
Pure speculation, unaware of what major S/H's would be happy with, but i dont believe that BRB board have any real desire or competence to develop BRB's growing but not necessarily profitable resource.
The BRB board appear slow to progress to mining PFS studies etc
Anyway thats my take on BRB at the moment
GLTH (but better luck for Medium -LT Holders)
BRB Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held