It is developing in a very interesting story.
MIN bought 10m shares at 13,5 c for GL1 for a 13,5M$
BRB has got 10M shares in GL1, we are now same amount of MIN and same voting power.
IF MIN wants to increase their % in GL1 for whatever reason, they can make us an offer for that 10M shares....at today's market they are worth 17M$.
ON top of this BRB also owns 20% of the Manna deposit. If we assume Manna is 40% of Gl1 market cap then 20% of Manna is 120M$.
In other words dear Mr. MIN you can can get the full lot with 137M$.
Okay then what happen?
BRB could cash in the holy grail of 137M$ to get rid completely of the LIthium. Ops I forgot something, there is another 20M$ cash milestones so total 157M$...but hang a minute BRB has got 10M cash, 1,7M ounces of gold, 650sqm tenemnet and Ullaring....and Market cap is 78M$? at the current prices essentially uncle TOM has got negative Enterpirse Value?
So when you read or listen any podcast about investment essentially what you learn is that the key is to find market dysfunctionality, did we find finally one?
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