I never denied they raised a bucket load of cash via equity… they did , even made it easy for you and showed you how much.
But you stated that…
“ most of their cash came from option conversions … not generated via operations”
I proved that for all and sundry that is an incorrect and misleading statement .
As for being wrong on BRK, I do admit that originally, I was confident that monetisation will be in the form of an outright sale, and that BRK drilling the reserve for production cashflow was the least preferred and least likely option … that has proven to be incorrect.
We shall see how the production pathway goes as it will throw of significant cash flow… as I have always said, the market will decide if/ how well it rewards the company.
BRK Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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