Risk management or failure to grasp strategic opportunity? Effectively they have (so far this month) shunned virtual "Manna from Heaven" & left a gift 4 or 5 months of 3-rig drilling expenditure on the table.... in return for the safety of maybe 1% pa term deposit.. Surely if MinRes were sniffing around wanting to increase their stake in GL1than the logical conclusion would be that a. there must be some more latent value in the GL1 assets that could be capitalised upon b. Publicity of MIN increasing their stake in GL1 would inevitably lead to an increased market prominence/price of GL1 c. The downside risk of holding the remnant GL1 stake in a market/globe focussed on Lithium with GL1 actively out doing roadshows...could well be exceeded by the upside of strategically capitalising on potential for shareprice appreciation of BOTH BRB & GL1 Raving
BRB Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held