Hey Antonnot sure where the $20m cash is coming from. The 31st...

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Danmac987

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15/02/22

23:47

Post #: 59595785
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Originally posted by ANTON707: ↑

thanks for keep reminding us, demon trader. We appreciate your relentless contribution.

We definitely do recognize a temporary drop of the SP however we need to look further because SP fluctuations would tell only a part of the story. Of course if you are a demon, a dragon a killer whale or whatever scary animal which nurtures itself of trading it can be very painful in the short term .

Despite share price volatility, thankfully the fundamentals of the projects are unchanged or even improved after latest MRE upgrade which came at half exploration cost vs. the past. Balance sheet stronger with no dilution, possibility of further 20M$ cash in from Manna, exposure to GL1 Marblebar (just started a 60kmt RC program today) with 10M shares, 20% earn in from Manna projects, x2 Diamond drilling as we speak, 1 DD hole financed from gov. to for a go at near Gonneville....perhaps a PFS coming in the second half of the year and an increase in MRE on the other side of 2M ounces very possible...and why not GP moving towards 3000 AUD.

2022 is going to be exciting for BRB....worst case scenario we will be in the middle of a takeover bid war like AOP?

Just speculation IMHO GLTAH

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Hey Anton
not sure where the $20m cash is coming from. The 31st Dec transaction, and the quarterly cash flow report show cash consideration paid was only $6.5m. With a balance of $10.9m at 1st Jan, and a burn rate of ~$1.1m a month, probably only $9m left as of today, so running on fumes before end of Q3 2022.

BRB Price at posting: 24.5¢ Sentiment: None Disclosure: Not Held
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