Bearing Lithium Corp BLILF

LPI

[neosceptic]

LPI moved 4.13%, bearing down 12.7% - "rational market"

[Nate05]

That was so weird and random...

[EMTguy]

Not really. Traded 673K+. The big trades pushed down the price..... this stock has lots of market makers trading for years.  Now with news they are still playing with the price. 

[tiger2201]

Yes, only saw it when I got home on Friday, it seemed someone is trying to manipulate our SP. Last Night, LPI reached MC Aus$237.1m = Can$213.2M, BRZ has 1/3 portion of LPI has in MSB, so we should be worth about Can$71.1M (ignore LPI's early stage hard rock assets), We are now Can$25.5M, and need 278% UP. If I assume LPI's eary-stage hard rock assets for AUS$30M, their Cash AUS$15M

[tiger2201]

I have placed my order 50k at 0.31, if someone dump our shares, I will try to catch it! LOL. tiger

[neosceptic]

I see your 50K bid, the only one now :) Easiest thing to merge would be merging into LPI, keep listing on TSX-V, renaming BRZ to LPI. This way LPI share price would be a benchmark, number of shares increased, cap double, all on pre-trade.  When trading resumed, market will take care of the rest.  Wost case scenario for BRZ is selling shares to LPI, not excanging it. The premium would

[tiger2201]

Hi neo, All agree with you. My main concern is how do we close the valuation gap with LPI? So we will be on an equal footing with them. tiger

[neosceptic]

I am sceptical :) on closing the gap any time soon.  Sale of the company would be a great equilizer, fair merger will bring closer, but with some discount (say 25%) Naturally, it would occur when company will be close to production, that is when institutional investors arrive, or when listing will upgraded (TSX, NASDAQ) - then Australians will start buying it, even by selling LPI