Can someone tell the seller at $1.60 that he/she will be taking those shares to the grave if that’s his real sell price. Just a bit of humour on this disappointing trading day when the announcement in my opinion is actually very good. we get to avoid the CR now that we have circa $14m in the bank. Plus another $6.5 in 3 months (which is $7m now due to GL1 share appreciation) so that’s a total of $21 for the next two quarters. That should be enough for some aggressive drilling for next year. Then they will get a further $10m once GL1 can show a resource of minimum 20m tonnes at 1.25% which should be doable in 12 months. I know the management of GL1 and they will drill the hell out of it and as soon as possible plus we get to keep 20% of the asset as a freehold. So In summary I don’t think we will see another CR until 2023 if any at all as peter will like to get on with getting BRB to mining.
BRB Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held