I would suspect that some maybe selling as with 2 court cases pending the company is far less likely to pay a juicy dividend.
In saying that I also believe there is some concern that BRL is investing in a lame duck (JAL).
If you are following that story you will know the local native tribes are not as united as JAL would like to help achieve environmental approval.
I have been following the JAL story closely and it appears, the SP performance also indicates, to be highly questionable that a feasible environmental approval will be achieved.
Ann: Quarterly activities update June 2022, page-26
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Last
81.5¢ |
Change
0.020(2.52%) |
Mkt cap ! $155.9M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.5¢ | 80.0¢ | $126.8K | 157.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1745 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 24152 | 2 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| BRL (ASX) Chart |