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Ann: Update - Notification of buy-back - BRK, page-54

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40Beers

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25/05/23

19:14

Post #: 67967344
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Originally posted by staymour: ↑

This is just a general observation.
Everyone and their dog, from YouTubers to delegates and convention attendees seem to think our shares are cheap, ie the market is undervaluing the worth of the business.
DP stated his frustration at this state of affairs and initiated a buy back program to make it clear to the market that the company would take action to close the gap between intrinsic value of the business and the market valuation of the business.

So we all reacted joyously and indeed the share price got a wee shot in the arm and moved up to its current 1.6c offer price.

For the avoidance of doubt I would have preferred the company to spend its capital on asset acquisition, development drilling, exploration and any other operational goodies,............. but so far all our past successes in that area have not moved the share price needle.

So the tactics of the buy back to achieve the objective?

Buy as many as you can at the lowest price possible stick with those tactics for as long as you can until the buy back deadline in December is reached, irrespective of the actual effect on the share price?.

Or do you take a more nuanced approach which takes advantage of the vwap + 5% reg and manage the share price on an upward trajectory so that it might actually reach something closer to intrinsic value within a reasonable time frame?

Or do you aggressively push each buy back price to the maximum permitted over the shortest possible time period?

A goldilocks choice between glacial and gung ho?

.........The truth is out there ......., and whatever it is, we are all hoping for a share price a lot higher than 1.6c and long before Xmas

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Yes will be interesting to see how it unfolds and we should be able to work out the strategy over the next few months. My random thought is what if the fabled monetization event drops. Will they go b@lls deep before it firms up and the ink dries to hoover whatever they can before they announce it...?

Very interested to hear what they have to say tomorrow, unfortunately can't make it. GLTA Brookies ; )

BRK Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.27M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$37.13K	3.094M

Buyers (Bids)

No.	Vol.	Price($)
4	648453	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	28031377	34

View Market Depth

No.	Vol.	Price($)
4	648453	0.012
38	38202199	0.011
14	17682918	0.010
10	5820014	0.009
2	185000	0.008

Price($)	Vol.	No.
0.013	28031377	34
0.014	20994930	15
0.015	4949382	12
0.016	2516438	11
0.017	11626445	8

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Ann: Update - Notification of buy-back - BRK, page-54

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Ann: Update - Notification of buy-back - BRK, page-54

Top Stories

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