BNR 6.00% 5.3¢ bulletin resources limited

Not too bad... with a few guesses so far, almost on the money.I...

  1. 4,414 Posts.
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    Not too bad... with a few guesses so far, almost on the money.

    I did buy on this sharp decent, picking up mid 4's as not a bad top-up point. lowered my average, not too worried as volume has been reasonably low given the shock news early. Total loss on paper about 30% with this unexpected twist in the tail. Cash in reserve to see what happens over the next weeks. Now have a reasonable stake in BNR. Could do without this type of drama though, but you have to stay logical.

    Not sure what the convenor/minister is going to say, could go either way... but their is even buffer in BNR now to help protect investment at mitigate some of the risk.

    I am still annoyed at the company, one of these 2 statements is wrong, cut and pastes from 2 recent releases:

    Officer of DEMIRS - on the rejection - ie. it had been flagged to the company.
    https://hotcopper.com.au/data/attachments/6089/6089092-770f2b07d68ce55f433f101d19a98437.jpg

    BNR managment on today's announcement -surprised

    https://hotcopper.com.au/data/attachments/6089/6089112-408da7a0ddeeef61d57559907ed35b78.jpg


    The company does need to lift its game on keeping the shareholders and market informed. The trades in January with the initial decline are very suspicious, did this correspond with the intent to refuse correspondence in January?

    Last edited by trousergecko: 09/04/24
 
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