BRU 0.00% 4.9¢ buru energy limited

AGM - thoughts, page-3

  1. 525 Posts.
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    I would love to see BRU to focus on the Rafa1 workover, 3D survey and drill further appraisal wells as soon as possible with the available funds instead of spinning fairy tales like hydrogen, carbon capture and battery minerals. We have very limited funds and if we are not careful we will end up like FAR. In my opinion FAR spend all it's funds on a lot of different projects and when push comes to shove to commercialise one of it's successful JV projects it had ran out of funds to meet it's JV obligations and defaulted on the deal and the JV partner took over their share of the project for a bargain price just when the project was about to start producing. Further rights issues was out of the question when their shares were trading at 2.5 cents and investors had no confidence in the Company!!!! Further, I would like to know the size of Eric's golden parachute on his retirement. He had burnt through a lot of cash with not much to show.
 
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