I would love to understand more about the criteria of trading Halts in fact very interestingly BRB is heavily exposed to the GL1 announcement probably even more than GL1 itself! In fact Manna for them (Gl1) is one the 2 projects so for GL1 Manna is ~50% of the company and for BRB is 20% so we are pretty much there but there is more in the short term:
If the Manna MRE will achieve 250,000 tons it means we are doubling our cash reserves from 10 to $20M which is material
if the 10M$ cash are converted in ounces it means 500,000 ounces at 20$ for ounce discovery which is 30% up which is material
I am confident the estimate must be on the surprise side otherwise why rush it to the market? If the Presso is on the surprise side of the spectrum then the conditions above are verified and BRB will benefit massively and I can see going back to 40cents levels ready to break out and helping to get outside of the take over zone at bargain price for potential evil suitor.
BRB Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
