My initial take on the report:1. They revert between AUD and USD - when things look bad for them. This is deceptive. Currency should be uniform from start to finish. Firstly by stating they received US$42 POE. This is only @ $64 AUD BOE. Pathetic. They should have hedged when they had the opportunity to when the POI was over $100. Greedy thinking that it would reach $200 and lacks of any form of strategic planning. Same goes for the capital expenditure required to fund the FMDP. US $26m looks a lot better than $40m AUD!!!
2. How is the Company going to fund the short-fall in funds???3. $690k Admin and Corporate costs. I've asked for a breakdown of these costs.
4. It's stated in the ‘highlights’ section it states: ‘A$3.1 invested in the 5% share buy-back’. Very deceptive again. Only $750,000 was spent on the buy-back this quarter. $3.1M was invested in total. It makes it look like they've spent more in this quarter than they have.
5. How many staff does the Company employ to spend $260k this quarter? I've requested that they elaborate on the ‘staff and recruiting’ issues.
6. Under Section 6 of the quarterly cash report, it clearly states that the Company MUST include a description of, and an explanation for, such payments. By merely stating they were for ‘fees paid to members of the Board’ is not sufficient at all. I've requested a full break-down of these expenses.
Another ho-hum quarterly and it doesn't matter how much they attempt to polish it - it is still a tu*d and until management is replaced we won't be going anywhere.
- Forums
- ASX - By Stock
- BRK
- Ann: Quarterly Activities and Cashflow Report - December 2023
Ann: Quarterly Activities and Cashflow Report - December 2023, page-15
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRK (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.27M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $4.16K | 335.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 15481980 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 21978053 | 33 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 15481980 | 0.012 |
38 | 37311735 | 0.011 |
14 | 6461919 | 0.010 |
11 | 5840014 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 21978053 | 33 |
0.014 | 26209334 | 19 |
0.015 | 8865278 | 17 |
0.016 | 3189193 | 12 |
0.017 | 12126445 | 9 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
BRK (ASX) Chart |