Australia's largest stock trading and investment forum Australia's #1 stock forum

BRB

Click for more information

0.00%

47.5¢ breaker resources nl

Ann: Ramelius Makes Recommended Takeover Offer for Breaker, page-99

First 99 Last

Share
Profile

Follow
robbo24

10,911 Posts.

1748

21/03/23

11:18

Post #: 66875366
Share

Originally posted by tangs: ↑

of course the reason RMS aren't offering top dollar , as they have a record of doing ....is the structural complexity of Lake Roe .
Strip ratio to me doesn't appear good for most of the resource ...in fact a good part of that resource will never convert to reserve unless there is a very high GP.
Then there is the underground which is higher cost and not all ore body of suitable grade for that .
Tom way oversold this deposit from the beginning and many here are still stuck in that wishful thinking rather than the reality of what a deposit costs to develop in time and dilution .

Hard fact of life is BRB was priced in the 20's for a reason .
Those two large holders agreed to the deal for a reason.

The test is if another offer comes ....I doubt it will !

Expand

Hi tangs

In the June quarterly, BRB said the PFS hopefully out Q4 2022 - then it seems to have fallen off the radar.

Was it ever released? Or was it not shaping up as a workable project, resulting in this deal?

Last edited by robbo24: 21/03/23

BRB Price at posting: 37.5¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

There are more pages in this discussion • 25 more messages in this thread...

First 99 Last

Add BRB (ASX) to my watchlist

SPONSORED BY