My personal take has been for some time now that the flood of IPOs in mining was just ridiculous and that at some point when liquidity disappeared a fair chunk would go to the wall or at least into "care and maintenance". For that reason I have been looking for explorers that: 1. Have a great existing resource to generate cashflow but with an undeveloped game-changing bolt-on. 2. Have a great prospect along with proximity to other operations, or for other reasons have optionality with regard to their future that doesn't necessarily involve money-hungry development and dilution solely on their own.
ALK falls into the first category. BRB has now partially de-risked the need for cash (although we are all linked to GL1's fortunes) and also has proximity to other operations which may make it valuable if ever forced to sell up.
Needless to say while I sold some things today it didn't include those two.
BRB Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
