If I were BRB, I wouldnt be in any hurry to sell their shares in GL1 as lithium will continue its charge well into 2023 , and if they sell, they could miss out on creating some wealth for shareholders. So BRB shareholders need to look longer term here and be willing to suffer dillution in a credit raise , to protect the inherent value of the GL1 shares. I wont be disappointed if they do the above. They really need to come up with a plan to move this project to DFS stage as quickly as possible, but also do the necessary drilling to maximise the resource. But they cannot continue to drill indefinately , so I would like to see a target date of end of 2022 for completion of DFS and then move into the financing phase in 2023 if the DFS deems the project a long term winner. I will look to increase my stake at the next credit raise, Suspect it may be at a discount to the current share price.
Christopher
BRB Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
