The main reason is the jewel is fully funded the issue with these small caps it investors jump on as the SP raises then soon as you get a little moment the company capital raises for xyz reason.
Capital raising gets jazzed up as a way for a company to grow but in the end of the day it is a kick in the balls for investors. - I seems the hold term holders took the bunt of the capital raising a few years back
BRK Jewel is fully funded which means for that this project at least we can expect no need for a cap raise and thus SP grow should be sustainable and consistent - if they can drill up some black gold then this could be incredibly lucrative i think BRK is incredibly undervalued i wouldnt be surprised if Tuesday we see the SP go up by another +40%
I feel like this should be sitting at the 10cent region
Summary of BRK, page-14
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $24.54K | 2.482M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 29214547 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 6591959 | 16 |
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| Last trade - 13.44pm 12/09/2024 (20 minute delay) ? |
| BRK (ASX) Chart |