Sold BRW to fully load on NiliI decided to unload my brw position to load up more on Nili.
The reason is twofold. Nili has an actual lithium discovery that is proving out to be a monster. Sprott says 20x to 80x returns quickly. All 5 holes in drill 2 have hit similiar clay that hosted lithium discovery in drill 1. More importantly drill 2 have doubled the land area for lithium discovery.
With regards to Brw they sold shareholdrrs on their business model of investing in 20 lithium companies in one called brw, to de-risk the investment. Unfortunately the business model flopped and had to be changed. Hearst, Saskatchewan and Manitoba turned out to be a bust. Anatacau West is too small to become a mine. Anatacau Main has only one pegamatite of interest. Cores at core shack at Plex did not contain lithium.
So from 20 lithium companies in one company, you now aren down to only Mirage. Brw did not find the source that fed those boulders at Mirage. So with 270 million shares diluted in circulation, brw is VERY EXPENSIVE for having found nothing. Even if they find some lithium it might be of the Anatacau West type and not lead to a mine. Expect price to plunge if no major PMET discovery is made at Mirage.
Good Luck.