Ann: Crown Mountain BFS Commences, page-2

Up 12.5% today on decent volume. Maybe I’m a conspiracy theorist but wouldn’t it make sense for BRL to acquire JAL (current market cap A$47M) as soon as BFS proves it’s a goer? Why pay C$121M for 50% when they can get 100% for circa A$60-80M? BRL doesn’t have that much spare cash so may offer mainly scrip and part cash or do placement to raise cash. BFS is due to be completed in Q4 2019 so if it’s gonna happen we will know within next 9 months. Only obstacles I see to said conspiracy is BRL court case/liability and Australian Super owning 14% of JAL which is a blocking stake in any hostile takeover. Hence it will need to be a friendly TO. Time will tell.