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4.5¢ buru energy limited

Ann: Operational Update, page-13

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18,147 Posts.

1316

22/03/24

20:37

Post #: 73020683
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Originally posted by CEOChair: ↑

Or both? I rather suspect the key to flogging it is to restart it first. Agree the regular income is useful (and would have been particularly useful had the weather made it a little more irregular recently,) while we await a bidder… maybe we’ll bag another boat or three… however, I think it needs to be flogged to an entity with the inclination to extend it’s life and we will not be throwing significant money at anything other than Rafa from now on - or perhaps if not 100% sale, a farm-in in return for full funding of further development is a possibility. (and 2H & GeoVault don’t require much for now and will be floated when they are at the point they require capex.)
Restart Monday anyone?

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Hi CEO, yes I agree that re-starting it will likely make it easier or more valuable to sell. Just hope they keep it, think somebody mentioned a while back about keeping the expertise in house as well, keep others away. Perhaps synergies for us to have personnel available in the area.

Guess we will find out either way at some point.

BRU Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.5¢		Change -0.001(2.17%)		Mkt cap ! $34.84M

Open	High	Low	Value	Volume
4.5¢	4.6¢	4.5¢	$75.82K	1.658M

Buyers (Bids)

No.	Vol.	Price($)
2	45476	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	409464	2

View Market Depth

No.	Vol.	Price($)
2	45476	0.044
5	333149	0.043
3	115259	0.042
3	128000	0.041
8	613095	0.040

Price($)	Vol.	No.
0.048	409464	2
0.049	189551	3
0.050	25500	1
0.052	175950	1
0.054	60000	1

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