Can anyone explain what happen today?, page-5

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Parsifal

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16/06/18

16:27

Post #: 33757633
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Originally posted by aussiepaul72 ↑

I don't think much has changed at all. I certainly don't think Perdant & Pinto were wrong at all. I've been a long term holder of BRB myself and still believe strongly in their projects.

What I believe has happened though is that some investors have got way ahead of where the project is at and put huge expectations on it well before the actual exploration stage they are at. Unfortunately this resulted in a huge reality check when the initial JORC resource was released. I get the feeling that the current market cap doesn't truly reflect where BRB ought to be, probably due to the negativity after the initial JORC announcement. Another good indicator that BRB is either currently undervalued and/or BRB management see substantial growth going forward is that some of the management team have been putting substantial amounts of their own finances into buying shares on-market at the current share price levels. That for me says a lot when managers of a company are continuing to buy shares on-market after the share price has gone through a significant correction. While I'm disappointed at where the current share price is sitting, I still strongly believe that there will be continued growth in BRB as the gold resource grows and the project is de-risked.

All of the above are my thoughts ONLY so please make up your own mind and act on it!

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Thanks. I am however curious about why these two key figures in the hyping have gone quiet. Perdants last post almost seemed cautionary. For two posters who spend so much time talking to each other off line I am simply curious

P

BRB Price at posting: 27.5¢ Sentiment: Hold Disclosure: Held
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