I like BRU - its a real company employing real people and doing good things with the indigenous people - When its a buy on the charts I will say its a buy as I have done in the past
Will I buy ? highly unlikely unless i can see an easy buck for a day trade on an exponential rise . Personally i think i would prefer just to play Bhutos oil mins in preference to BRU
But why would you bother - Have a look at today's XJO chart - every point is one cent XJOlOE were $2.50 this morning closed at $3.47 why stuff around having your capital tied up for years in spec miners - I did that years ago with HDR ( Hardman Resources ) and I almost took a huge bath on sovereign risk with 2 coups in Mauritania
Then 2008 to 2014 I was in a spec copper explorer CDU- lucky to get alive on that one as well !
And Yatchy just hears voices inside his head - yes you could have made a poultice shorting BRU over the years -I have never shorted BRU or any stock for taht matter
Personally I find the shorting concept morally reprehensible - Shorters borrow stock from people who dont own the stock they are lending, often without the knowledge of the stock owners - eg super fund members and then sold down to be repayed later often covered off market in nudge and wink deals with corporate banker/brokers,
I dont know how to even find out where to borrow stock to short it - Buying an index mini short is a derivative product you are betting on an index no stock loaning is involved.
Personally I would be happy to see shorting banned as it was for a period of time at the height of the GFC .
BRU Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
