BRK 0.00% 1.0¢ brookside energy limited

Looking forward, page-40

  1. 2,993 Posts.
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    I know I don't post much in this thread and my posts are usually negative - so I'm back again to post another negative comment! biggrin.png

    As I mentioned over six months ago or was it 12 months ago - Business as Usual is not working. What's changed since then? Nothing. Just business as usual and the share price indicates that the only thing that will raise it is the increase in the POI.

    NOT due to anything by management.

    Can someone tell me what their plan is? Do they have a plan? I seem to recall during the last investor preso that due to the low oil price they are not planning on spudding any more wells for the foreseeable future. So what are they doing to earn their big bucks?

    https://brookside-energy.com.au/brk/wp-content/uploads/2021/10/Brookside-Energy-Desk-Note.pdf

    This Spark Plus analysis back from October 2021 mentions on 11 occasions that BRK have a 20+ well in five year plan and their valuations were based on spudding one well every three months. Well friends this has not occurred has it?

    It mentions that the last time that they executed their 'real estate development strategy' was way back in 2018. Still waiting for them to execute the third 'pillar' in 2023.

    I apologise if this video (below) has been put up prior to this but if not, this dude makes some great points about the Company asking why on earth is it so cheap and what does management need to do moving forward?

    One thing he wants to see is management buying shares on market. Well we know that they all took out loans to convert their options and if they still haven't been inclined to dip their hands into their deeeeeeeep pockets to pay back OUR money, they certainly won't be buying anything on-market.

    Even the rose-coloured glasses wearers will have to have a re-think at some stage that something needs to change within the management structure to give this Company a fresh set of eyes and have someone actually put a solid plan in place to get the share price moving.

    Well that's it for my latest negative post. Look forward to the haters blasting back at me!! Enjoy the video, he makes some good points.

 
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