BRK 5.26% 1.0¢ brookside energy limited

Banter and General Comments .. BRK, page-2366

  1. 7,323 Posts.
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    Duuuuude...

    I appreciate the enthusiasm. But as you are on Reddit, I know you have seen the Prof's valuations and SP predictions.

    Once we have booked the reserves for the 3 DSU's we would be valued at under 0.20. We can then monetize these assets by flogging off the acreage. As Dan as said, we can either flog them all off and have a cash box with a proven business model. Or we can either flog the Sycamore or Woodford and drill out the one we keep. I call this Phase 1.

    My preference: flog the lot; special divvie to holders; cash box to go around again with our proven business model but at a much bigger scale. This is Phase 2+.

    Phase 1 will not make anyone with less than 1m shares "rich". But a bloody good return for all LT holders.

    Baby steps Pastry. Baby steps.
 
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