BRU 1.15% 8.8¢ buru energy limited

Ann: Rafael Flow Test Update, page-158

  1. 3,585 Posts.
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    In Da Hood has been twisting my arm re BRU, so I just thought I’d pop the question how BRU intend to commercialise their gas. No one has convinced me. The IVZ play in Zimbabwe has many of the same issues but I am expecting a significant corporate move there soon after this trading halt is cleared and I won’t back a wildcat unless free carried which would free up 160k which I was thinking of punting into BRU despite their very long history of failing to deliver. I see a short term spike in SP once the independent report is out followed by a long frustrating decline as euphoria fades and the reality of being another STX sets in. World geopolitics has set up a potential opportunity for WA gas but is billions of dollars and a decade away from production. A lot can happen in 10 yrs. I won’t be investing in BRU gas and I will be advising In Da Hood to only play it for the short term, if at all.
    If I were him I would sell my KAR shares at peak, now, and punt it on our Cuban gig. It has 300% upside remaining over a relatively short time frame of 6 months or so.
 
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Last
8.8¢
Change
0.001(1.15%)
Mkt cap ! $59.07M
Open High Low Value Volume
8.6¢ 8.8¢ 8.6¢ $13.34K 154.2K

Buyers (Bids)

No. Vol. Price($)
2 51006 8.7¢
 

Sellers (Offers)

Price($) Vol. No.
8.8¢ 1548064 3
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