BRL 0.61% 81.0¢ bathurst resources limited.

Ann: Daily share buy-back notice - Appendix 3E, page-6

  1. 200 Posts.
    lightbulb Created with Sketch. 85
    The share price has a death spiral feel to it.  The market is telling us a shocking message...this company/management is toxic.  It is pointless discussing how cheap it is.  It is like the stock that goes below book value.  Well...where is the floor?


    How you can create a death spiral in the middle of a buy back, is very clear to me.  The corporate governance of BRL is a catastrophe. 


    I have tried my level best to tell them to change their methods...to no avail.  I suggest all of us on this board give the management a call and ask them what is going on.  Only when they have to repeatedly explain to callers what steps they are taking to get back confidence...will anything happen.  We can discuss all we want on this board...but frankly, the # of shares on sale tell you everything.  Your investment is going to the dogs...and once there, it will never get back to even 12 cents.  Everyone is turning a seller.  I for one, am cursing the day I started buying these shares.


    If this management can't do anything about it...well, they should step aside and let new blood in.  We are totally lacking in confidence in this management.  


    Someone suggested that share prices don't crash with positive cash flow companies.  The word that describes  BRL is value trap.  There is no end to how low the "value" can go.  7 cents is very easy to see.  

 
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Last
81.0¢
Change
-0.005(0.61%)
Mkt cap ! $155.0M
Open High Low Value Volume
80.0¢ 81.5¢ 79.0¢ $22.60K 28.12K

Buyers (Bids)

No. Vol. Price($)
1 12578 79.5¢
 

Sellers (Offers)

Price($) Vol. No.
82.0¢ 177555 3
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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