BRK 0.00% 1.2¢ brookside energy limited

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  1. 3,203 Posts.
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    ( Going to have a bit of a rant at the ranters )

    Sorry mate, but no I don't.

    Having a mineral water right now and in all honesty, reading posts of people craping themselves because the stock price is not behaving how they expected it to is almost " funny".

    I have been doing this long enough to know what is important and what is just noise, so I don't invest in a manner where the noise affects my decisions to buy or sell.

    This is where folks who use the share price as the primary or only measure of how a company is performing and react to that is their downfall. If anyone bought BRK just because the share price was going up, well then, they may be crapping themselves because the share price is going down.

    People having a fit because BRK raised $9 million at 3 cents , (yes the 70 million free ITM oppies were a ridiculous gift) blaming that as the only cause of this price fall and being pissed off, and please forgive me if I sound callous here, are just kidding themselves. Those that think selling the heads to convert the options based on the August raise should look at how many options have been converted since that raise and see that argument is a fallacy.

    On the counter, I would have been mighty pissed had the company not raised in August to secure the funds to drill the Rangers well. The share price right now highlights that the decision was correct and the right move at the time.

    In regards alcoholic consumption, I would have needed a " stiff drink" had Jewell fallen over , not resulted in the Jewell DSU being HBP and not brought in ~AUD$1 million into the BRK bank per month for 3-4 months before the decline.

    I will certainly need a stiff drink if Rangers fails.... but having seen the BM team and their chosen associated support companies bring in the Jewell significantly ahead of expectations, and monitoring what the Sundance Kid well is doing, only adds to the confidence level of a brilliant Rangers result.

    Right now the only thing that matters ( to me) is how the company performs operationally. Company performance and results drive share prices, not the other way round. If BRK continues kicking goals then the share price will eventually respond.

    Glancing at the Z1p threads, the company has never made a profit, it grew revenue , increased r customers, raised capital, the share price was appreciating and the MD and the team were being hailed as champions. Now, the company still continues to grow revenue, customers, raised capital , the only thing that has changed is the share price has fallen substantially from the highs, and some are calling for the MD to resign... sounds familiar.

    You are correct though with the famous blood on the streets comment, but I wouldn't apply that to BRK right now. That applied when BRK hit 0.3 cents last year and again sorry about sounding callous, I suspect most crying foul over the share price were not holding , buying at that time, nor were they participating in the Aug 2020 cap raise at 0.5 cents.

    So, @TheProfessional , @peto2810, @chilledpain and I will share a drink, along with anyone who cares to join at the appropriate time , (hopefully not more than 5 years) when the BRK plan has been executed, and it indeed may be a" stiff drink" , but only because we choose to as part of the celebrations.

    Again apologies if this all sounds a bit callous, but you need to separate the noise, and the emotion, from what is the really important stuff..... and right now, BRK and the team are doing the important stuff really well.

    Cheers

    Dan
 
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1.2¢
Change
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Mkt cap ! $57.27M
Open High Low Value Volume
1.3¢ 1.3¢ 1.2¢ $9.061K 752.4K

Buyers (Bids)

No. Vol. Price($)
9 2605358 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 27608377 35
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Last trade - 14.50pm 25/07/2024 (20 minute delay) ?
BRK (ASX) Chart
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