I am so Happy with this deal, One of my main concerns with BRU was always where is the Cash coming from for our upcoming exploration with Mineral Resources & how do we collect our Government $7m jackpot without emptying our bank account Which is all needed for further development of our recent discovery As this will be real Wealth Generating for all Shareholders that stay the distance….. I actually can’t believe Eric has pulled this off, it’s a total Win Win for all concerned. I’m also thinking ORG might be a little pissed as now BRU has freed up some other commitments ( cash calls ) they won’t be under so much pressure to be rolled on any Raffa deal….which was probably going to be likely.
Im taking up my full entitlement now, as probably many others will also after this great news today.
Eric might even offer Mineral Resources 25% of Raffa for $300-500m
Also guessing next Big Announcement might be some memorandum of understanding for an off-take agreement for our Raffa gas discovery with some 3rd party?
Cheers
BRU Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
