BRU 0.00% 7.9¢ buru energy limited

Ann: Trading Halt, page-19

  1. 27,335 Posts.
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    671,345,082 SOI

    VWAP $0.0785 according to market index, (not sure what time period they use though)

    If they raise max placement capacity 15% + 10%=25%

    at 10c premium - $16.78m
    at VWAP - $13.18m
    at VWAP-10% - $11.85m

    (or might be less, eg 15%, do your own calcs)

    Can’t see why they might sell an asset or part thereof and then immediately do a discounted raise to instos (or retail) without taking advantage of any uplift from the asset sale first… so maybe there is hope it’s a strategic partner taking a stake, maybe the same entity as the asset purchase? Idle speculation….
    Last edited by CEOChair: Yesterday, 10:18
 
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