New buyers are going to run out of time. Sensible deal metrics point to new player earning 25% for funding carry in 3 wells (RAF 2 stepout, RAF South , RAF Downdip (to tag oil leg) and wedge of cash. Total deal value??? $100 m ??? $50m drill carry , $50 m cash. Implied valuation then 50cps >> (75% of 400= 300/600) Unfortunately stock doesn’t perform till drilling starts, goes berserk when 3 for 3 …
Ann: Buru awards pre-FEED study for Rafael Phase 1 Project, page-21
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Last
7.7¢ |
Change
-0.004(4.94%) |
Mkt cap ! $51.69M | |||
| Open | High | Low | Value | Volume |
| 7.8¢ | 7.9¢ | 7.7¢ | $66.88K | 859.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 297765 | 7.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.8¢ | 222373 | 1 |
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| Last trade - 12.50pm 28/06/2024 (20 minute delay) ? |
| BRU (ASX) Chart |