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IMO I believe the majority of the BRB shareholders would be very...

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paulb7

247 Posts.

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23/12/21

15:00

Post #: 58488920
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Originally posted by tradedemon: ↑

A couple of questions

1) what did the last manna drill campaign actually earn for shareholders ? Blow more money without an inferred resource or exploration target…. Looks like they should have just focused on the ipo way back at the start of the year

2) the lack of growth from last share raising at $0.24 shows that the strategy is not working … management just missed an opportunity to approach gor or rms (both interested in takeover of aop) and raise money at a premium …. Those placements can often be raised at a premium compared to institutions and sophisticated investors …. Gor would have been good as they have built a mine recently and this also would have indicated to the market that brb wants to move forward …. Brb could have spent $2 - 4 million on the lithium deposit to aggressively report a resource and then moved that project forth

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IMO I believe the majority of the BRB shareholders would be very happy with the deal managment have struck with the Lithium assest. Maybe not so happy with the SP, but then again it will get up pretty quickly from this low level, plus will still own any upside which comes out of Manna. All in all a very good deal.

BRB Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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