Couldn't agree more. Have been in a couple of takeovers the last 2 yrs where the asset has gone for cents in the dollar of value in better times. The common denominator is the board rolling over- despite being well renumerated to do a job, they folded.
Saw Aphrodite fold into GMD, saw DCN fold into GMD- ,Kula Gold(?getting a while ago) into Geopacific resources which is now facing its own denoument.
It is a sign of the times where it makes economic sense to take over rather than build organically-probably why boards fold-just get tired.
Hopefully this will NOT happen with BRB because -board renewal -major US shareholders in for the long run -now no financial problems.
Would like to see BRB come into production and have its real value exposed.
BRB Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
