Ann: More wide, shallow, high-grade gold intersections, page-132

Some good arguments on both sides here. Management have 2o% but someone like GOR could potentially also step up and buy 20% for $30m without a TO announcement if they wanted to.

The point is there is potential for some form of corporate activity here and if BRB management are smart, as I am sure they are, then it will be for the benefit of all holders and everyone's a winner. It's a free market and everything's for sale at a price. IMO its too soon in the piece for a friendly merger and a full TO will be costly, however nothing to stop some slower accumulation at these low levels.