BRB 0.00% 24.0¢ breaker resources nl

Testing some scans this eve and BRB popped up so thought have a...

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    Testing some scans this eve and BRB popped up so thought have a quick look at it. Maybe WL & more research.

    Although holders no doubt know all the below, just some info I had a look at and TA thoughts below fwiw - only one quick chart though I use a number of diff ones. GL

    https://hotcopper.com.au/data/attachments/1479/1479800-97ced6210fc07d4592a536a2f8e7a38e.jpg


    I see BRB just applied for another EL nearby in early Mar. Blue tenement.

    https://hotcopper.com.au/data/attachments/1479/1479796-38c50f199e0fef1e008b33ee13642dc4.jpg

    D / Drill holes for the area to current with new app to the left - pinkish area.

    https://hotcopper.com.au/data/attachments/1479/1479797-dc5e460dfd7a3e3ffd0063dbb3a33e1a.jpg


    Jan 19 article re thoughts on insiders and some info.

    What Percentage Of Breaker Resources NL (ASX:BRB) Shares Do Insiders Own?

    Raj BurmanSimply Wall St.January 15, 2019

    Every investor in Breaker Resources NL (ASX:BRB) should be aware of the most powerful shareholder groups. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, ‘Don’t tell me what you think, tell me what you have in your portfolio.’

    Breaker Resources is not a large company by global standards. It has a market capitalization of AU$67m, which means it wouldn’t have the attention of many institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let’s take a closer look to see what the different types of shareholder can tell us about BRB.


    What Does The Institutional Ownership Tell Us About Breaker Resources?

    Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

    As you can see, institutional investors own 10% of Breaker Resources. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It’s therefore worth looking at Breaker Resources’s earnings history, below. Of course, the future is what really matters.


    Just a DMP report extract from late 2017.
    REPORT INFORMATION
    A No.:114837
    1Title:Lake Roe Project Co-Funded Drilling Final Report (DAG2016-00840089) For the Period 23 August 2016 to 30 June 2017 (R#13)
    2Author(s):SIMSON M
    3Report Date:29/09/2017 12:00:00 AM
    4Period:23/08/2016 12:00:00 AM - 30/06/2017 12:00:00 AM
    5Report Type:Co-Funded Drilling
    6Project Name:Lake Roe
    7Operator(s):Breaker Resources NL
    ABSTRACT

    Location: The Lake Roe Project is located approximately 100km east of Kalgoorlie in the Eastern Goldfields Superterrane, approximately 35km north of Karonie and 60km south-southeast of the Karari-Carosue Dam gold deposits.
    Geology: The main target at the Lake Roe Gold Project is high-grade gold mineralisation hosted by 400m-thick fractionated dolerite situated in a domal geometry in an area of shallow cover. The targeted dolerite forms part of a 1,500m thick greenstone sequence dominated by mafic and lesser sedimentary and felsic rocks situated in the Murrin Domain in the central-eastern part of the Kurnalpi Terrane. The Project is situated between two Domain boundaries that converge in the area of the Project.
    Work Done: Co-funded diamond drilling
    Results: Exploration is at an early stage of what is shaping up as a significant greenfields gold discovery. The diamond drilling, in conjunction with other drilling undertaken by Breaker, has established that the Claypan Shear Zone bifurcates within a highly strained and altered mix of amygdaloidal basalt with subordinate interflow shale situated between the Bombora Dolerite to the west and the Swan Lake Granite to the east.

    Gold associated with the Claypan Shear Zone typically occurs as sulphide-rich lode and stockwork mineralisation in the upper, iron-rich part of the fractionated Bombora Dolerite.
    Conclusions & Recommendations: The diamond drilling indicates that gold occurs in sulphide lodes in three dominant orientations: moderate to steep east-dipping NW-NNW lodes, and flat lodes west-dipping lodes which appear to be linking structures between the steeper lodes in a sinistral wrench regime.
    Prospects: Bombora & Bombora North
    Assays: Au

 
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