With such a game changing event i am calling TA and tea leaves hocum in terms of predicting the SP direction in the short term.
Our course has well and truly been altered and ascertaining our new direction and catalyst drivers is my new fundamental analysis.
Given there was no immediate rerate and with soft volume in a backdrop of extremely robust Brent prices it seems evident the deal was "screwy for BRUy". Even the bean counters were unable to see the perks of 40 million added to the balance sheet vs the cons of losing ownership of ugani being farmed by new Chinese overlords.
So has BRU had a frontal lobe lobotomy and are we now just a zombie to ROC? Full direction retained by Eric is just words on paper from here it will be share price front running with pip control until we get boarded by pirates and fully plundered as cheap as possible.
Medium to long term we may get amazing results but I don't expect anything good anymore.. we were concentrated and powerful, sleek and slender able to move on a dime in any direction. Now our overlords have us hamstrung
Lol .. only day 2 post farmin and I'll judge a tree by its fruit... many bad times with asx stocks falling to Chinese then going into hibernation before losing all shareholding backing and falling into the abyss.
ASX sucks.. fraught with danger... pick a winner and still get wormed when overlords take a fancy at your stock and have there wicked way with you.. Eric will be fine will be a golden handshake once he sells BRU in 12 months.. job done happy retirement.
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