Hello FreeflyerNZ and thank you for your fantastic posts. I...

Hello FreeflyerNZ and thank you for your fantastic posts. I agree with chunks of that.
I have gone over the position BRB were in and the changes over the past year or two in costs and what that meant. I have also discussed how the strategy from Tom backfired on him and all of us to some extent; at least in the near term. You raise a lot I have attempted to cover before and I welcome your views; something we need.

Li was hot in terms of share prices in the sector. Talk among the brokers is that Li is dead. That does not mean demand is not there and so on but new technology could take out Li as a battery component over time. Is Li at a crest? It is also a question that needs to be asked.

The position of the Board, when the deal was done, was that raising money to fund both projects would be hard; push back from impatient and unwilling NA investors very probable. See my backfire comment above to put into context.

You have to ask yourself if Manna would be "worth" as much in the eyes of the investing public if not in the hands of a highly connected Li specialist company like GL1. You have most of the picture right in my opinion yet context is everything. Two major points on context; one internal constraints on funding at the time and two, the Li company performances.

The passion and purpose of BRB is and always was gold. Gold is anything but hot apart from the largest and most savvy investors on the planet that have systematically drained physical supply from storage around the world. So, gold is ready to 'go', and Li potentially mature in turns of investment in the sector after a massive bull run. Company share prices not Li demand in medium term - let me emphasize that point.

I disagree with your view of Bombora except for the strategy to go for the big pit to support a 2.5Mt PA mill to get costs down. Backfire for sure and that hurt us all as inflation roared. How they did not see that coming is a mystery to this analyst. Specialists get blinkered within a deeply understood expertise; so few generalists around. The gold field has a lot more potential and perhaps, the best has not been unearthed yet. Ularring is a great piece of ground but they need to prove that with solid evidence and at last that is happening as the commodities rally will be broader than just gold and silver.

I hope that clears up my view. BRB not Li specialists. Manna Li was at very early stage. Small team with funding constraints had dug themselves into a bit of a situation. Mill shrank from 2.5Mt to 1.8Mt and ozs that were initially viable were wiped out due to those cost pressures and employee constraints. Government responses to CV THE major factor in the inflation and employee issues. I have work to do but open to more discussion later on. The BRB story is far from over and now we are absurdly cheap. They will not just burn that money - they will look to create opportunity as we have a more entrepreneurial Chairman now and a promotional CEO. Gold will also sort the south end oz viability issue, and the studies now due will start to add to those oz's in the UG.

Cheers CW