In November Redleaf valued BRK at 08c per share based on their then holding of 1280 ha.
Since that valuation not only has Anadarko Basin per hectare price increased , but so too has BRK holdings as of today....to 2100ha.
Even if we continue to use the 2017 per ha prices of USD$16k/AUD$40k ....BRK is now valued at AUD$40m - or 4.5c ++ on assets alone....let alone the revenue they have - which is funding acquisitions.
I believe the wider market is missing the investment opportunity right in front of them. Despite the fact it has been spelt out by the company, i think investors are still viewing this as a traditional OnG play so are waiting for some incredible ANNC about flow rates etc .
As usual, the early bird is getting the worm here. Selling will exhaust itself soon enough.
Happy to be corrected on any of the above.
gltah
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Mkt cap ! $57.17M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $29.62K | 2.437M |
Buyers (Bids)
No. | Vol. | Price($) |
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15 | 9620994 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.3¢ | 22540609 | 20 |
View Market Depth
No. | Vol. | Price($) |
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15 | 9620994 | 0.012 |
50 | 43723327 | 0.011 |
25 | 14096920 | 0.010 |
9 | 5770014 | 0.009 |
2 | 220000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 22540609 | 20 |
0.014 | 26608938 | 17 |
0.015 | 9137648 | 18 |
0.016 | 2100491 | 12 |
0.017 | 11026445 | 7 |
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