Australia's largest stock trading and investment forum Australia's #1 stock forum

BRB

Click for more information

0.00%

47.5¢ breaker resources nl

Ann: Lake Roe Gold Project Mineral Resource Update, page-115

First 115 Last

Share
Profile

Follow
Just4kicks

4,283 Posts.

692

17/01/22

06:20

Post #: 58905257
Share

Originally posted by ChristopherC: ↑

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

Expand

Agree it would be good to have the ability to hold GL1 shares longer if that's the case.
When I mentioned Ullarring I think a similar deal to Manna would eliminate the need for a near term cr. BRB would probably need to run a similar small (2,000m) drill campaign prior to offloading (80% again perhaps) and hopefully get a couple of decent hits.

BRB Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BC8

Black Cat Syndicate turns producer as first gold doré poured from 100% owned Myhree project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

LU7

The Breakdown: Lithium Universe talks financial modelling and lithium pricing in strong preliminary feasibility study for Bécancour

There are more pages in this discussion • 5 more messages in this thread...

First 115 Last

Add BRB (ASX) to my watchlist