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lightning stogies with hundred dollar bills is probably the plan

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ucs2008

884 Posts.

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27/10/22

00:01

Post #: 64418592
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Originally posted by triage: ↑

Thanks for that though young Sam needs to drop the big kev routine. Anyone who has been around Breaker for a while knows that the initial Manna discovery was just luck that a keen-eyed geo spotted the outcropping. Good on them for making the best of their luck but Breaker wasn't actually looking for lithium / spodumene at the time.

Rather than go the steak knives spiel Sam would have been better off explaining why they need to monetise their Manna investment right at this point in time. He made a point of repeating several times that for $1.6m outlay they got $80m but it is just as true that that asset they sold for $80m is currently valued by the market at about $240m. They left plenty on the table. I can accept that decision to take the early money but only if they have something better to invest in. And so far the plans sound fairly insipid.

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lightning stogies with hundred dollar bills is probably the plan

BRB Price at posting: 27.5¢ Sentiment: Sell Disclosure: Held
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