Banter and General Comments .. BRK, page-7305

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Adrenaline06

230 Posts.

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05/11/22

14:13

Post #: 64605984
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Originally posted by FameLuck: ↑

Some mixed feelings from people here. Should this stock be worth more? Yeah, and it will be - but how long until any holders can realise a gain? What good is investing in fundamentals of the SP is going to stay stagnant until our cash holdings exceed the market cap?

If you had a million dollars in this stock, you could take a decent loss, invest the money elsewhere, and probably end up far better than had you left it in a stock that looks stuck at 1.2c for the foreseeable future. None of us benefit from holding this stock - the opportunity loss on this stock for everyone here over the last year could be huge.

fundamentally - how much is this stock worth? Enough to hold for many years and hope the company will finally be something huge?

I don't know how to value a company like this. And i can't see many other here being able to either. Feels like a couple like Dan and the professional have strong convictions that this a gem the market doesn't understand, a couple others seem to read the market a bit better and have doubts this is just a misunderstood gem - and i feel a good half of you cling to Dan's words like gospel and otherwise have no idea what's going on.

We're here to make money. What does management need to do to help the SP climb? How can we influence this? Because right now it looks like it's going to take another 6 months just to break 1.3c - after that we've got 70% of the shareholders who probably just want to break even and will sell every step along the way. Drilling oil and making cash doesn't seem to be enough - what needs to change? Buy-back? Consolidation? New management?

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If the oil price stays above $70 (which it most likely will) and BRK continues drilling 4 wells every year, the company will be sitting on a cash pile of >$100m after 3 years.

This cash generation can be expedited and brought forward if they make a sale of their acreage.

A rerate will eventually come but it in all probability it will take some time especially if they go down the path of the well drilling route.

BRK Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $52.50M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$315.0K	31.49M

Buyers (Bids)

No.	Vol.	Price($)
3	873467	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	56561774	48

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No.	Vol.	Price($)
3	873467	0.010
43	26810503	0.009
29	20505321	0.008
8	3671571	0.007
4	595009	0.006

Price($)	Vol.	No.
0.011	55561774	47
0.012	11610109	20
0.013	16597673	16
0.014	11908750	14
0.015	4989088	10

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Banter and General Comments .. BRK, page-7305

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Banter and General Comments .. BRK, page-7305

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