Following on from my above comment when BRK get the first Jewel well funded and producing it will prove the model works. Investors will be clamouring for the next well to be funded.
The SP cannot fail to recognise that potential. In all likelihood we will see it move back fairly quickly to 1.5c.
Around those levels I would not be surprised if the company exercises the options and fund their own well.
BRK have the leases and we know the oil is there..
Ann: Jewell Well Development Funding Initiative Launched, page-11
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Last
1.0¢ |
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Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $18.80K | 1.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 25010894 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 14520794 | 18 |
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| BRK (ASX) Chart |