Hi all, this is a "between the lines" comment, and a really key...

Hi all, this is a "between the lines" comment, and a really key heads up post.

Heads Up: (broker source) BRB "had" an antagonistic seller that is almost at zero shares now - and all the brokers would know this or will shortly. That seller had a huge position that he used over a two year period refusing to sell directly to anybody. He was approached apparently, but just dumped on market depressing the share price and all shareholders in the process. At long last we can see the market gradually wake up to this and start to "discover" the value of Bombora in share price (market cap) terms. This represents a huge change of fundamentals (market wise) for BRB. Talk to your broker and verify for yourself if you want to confirm this.

As a small company they did not have the money or resources to develop both Manna and Bombora. Manna had no value in the BRB share price until they announced drilling and imminent monetization of that asset. The reason GL1 launched in share price is because there is a dynamic move to discover and develop = Manna is now active. It was not active and did not look like being more active until BRB talked about monetization. The seller was still in there offloading once the share price topped 40c so can we go back there now? Gold broke out of 1880 last night so consolidation or a break of the 2011 high should start to change the gold sector sentiment as well.

So BRB own 20% of Manna and around 7% of GL1 and have a real prospect of a further $10M payday from that JORC Li target; perhaps even late this year. The shares in GL1 are worth almost a year of BRB operations and they already have $10M to carry on with until March or a more favorable time to sell. NOTE: BRB do not have to sell on market to offload the GL1 shares. A buyer wanting 10.28M shares would drive the price higher by buying on market and BRB would drive the price down if they did not handle it with sensitivity. So a perfect win-win deal could be struck - hence I am not worried about that at all.

So Manna and cash look great and gold looks great and Tom knows there are huge ounces to be confirmeded this year at $20 each by adding to the "no-brainer" UG ozs. The 500koz currently in the JORC UG is a mere fraction of what is there. Tom also talked about "expecting" further discovery to the east and they are working on a team and rig or plural to ramp up that discovery process while they prepare to release a PFS. What we need ahead of this is an indication of ball-park costs to mine.

Yes they have the toll treat option but Bombora is not up for sale. Bids from producers are always possible as Bombora approaches minimum benchmark levels for these producers. It would have to be a bumper offer to entice the North Americans or Tom (or me for that matter) to consider selling into a hostile bid. It is price discovery time in a more favorable market over the course of 2022 so the timing is turning back in favor of this stock IMO.

GLTAH CW