BRL Chart, page-279

lol.....interesting to note that the SP hit 12.5 cps again on Friday ... looks like very little has changed since I went fishing.

Just for you IJ here's a post that is not 90% about the RCPS.

Interesting that some just want to believe the market is “stupid and senseless” when the market disagrees with their sentiment and view of a stock.
What is even crazier is how these sort of posters persist to view certain issues through rose tinted glasses and avoid taking on board what the markets are really telling them.
Easy to see how certain mindsets become and remain ”dumb founded” about a stocks SP performance.

What is exceptionally worrying is comparing BRL’s to it’s peers. The sector as a whole is experiencing a great run due to persistently high coal prices(SMR now up 80% over the last 3 months even with a recent production and earnings downgrade).....happy days for this investor
The market already knows BRL is a total cash cow(that’s not hard to work out) so those that believe that the market is awaiting to see the hard numbers before buying are IMHO delusional and in clear denial on the real reasons few want to own a piece of this company.
When the facts are in the open the market waits for no one hence the rise in many of BRL’s peers and an overwhelming level of disinterest in BRL.
What we do know is the company has a material lawsuit to successfully defend…….. more than likely before anyone will see a dividend or perhaps the lawsuit is what the company refers to as spending capital options.
It also appears the leader of this company maybe somewhat confused or worse delusional as well.
How can he expect, after selling 30% of the company to himself and his investment colleges for 10 cents in the $1, to attract outside insto interest.
The simple fact is there has not been a material investment from a new outside insto in years but that is hardly surprising given the company has made moves to clearly show the market place they are exceptionally cosy with the limited insto’s that are currently invested.
Reality is insto’s appear to avoiding this stock like the plague as no brokers seems to want to initiate coverage or associate themselves let alone recommend or buy the stock . IMHO this is not surprising given with the red flag being raised over the auditors timely resignation (new auditor still not appointed), as well as the material lawsuit and of course what appears to be the self serving nature of some board decisions.
Furthermore the decision of the board to push away other funding options that were tabled has become highly questionable and suspicious given the subsequent conversion of the RCPS shares to themselves and their cosy investment colleagues. Certainly these sort of decisions have not gone unnoticed by Mr Markets either.

Of course the current political back drop is not helping but I am confident this does not have as much significance on the companies SP as some want you to believe.

Remember the longer one does something for the more chance it will become a habit.
So not such a good idea to remain ‘dumb founded’ about something for too long