Modelling includes additionally $14.5 million from option conversion which will be positively received by HC posters.
I suggest potential (and very real) mitigating circumstances which can have a material effect on the ASX and our SP and they are called irrational. Not sure which one is irrational.. Inflation? Climate Policy? Ukraine conflict? China relations? New Covid variant?
My point was, there are current circumstances outside of BRK’s control which can have a material effect on the business. We cannot assume how many of the options will be converted... except it will be between A$1.00 and $14.5 million... no guarantees unfortunately.
Once the conversion capital is removed or reduced from the model the figures look dramatically different... we will all take what we want to see from the model to suit our own beliefs or agenda... human nature factor. My concern is what the BOD are thinking and how conservative they choose to be In relation to cash in bank.
An alien invasion would be irrational not the topics I raised.
please note my sentiment.... Buy and Held.... just not wearing rose coloured glasses
Good Luck All
BRK Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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