Great, honest & accurate post. Thank you. The option arbitrage is not yet over with over 200 million options not taken up by shareholders but available to the underwriters....strong hands or weak?
A buy back at market prices would be a travesty considering yesterday they raised cash at 1.1c...today to buy back at 1.6-1.8c? That would be chucking it straight out the door. They'll neither be paying dividends nor buying back shares for quite some time. The capital reserve they have is being retained & invested into proving/booking field production/reserves to revalue the acreage they have. The capital allows them to accelerate that process.
Ann: Expiry of BRKOB listed options, page-21
Add BRK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 49.0¢ | $44.98K | 89.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 37144 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BRK (ASX) Chart |