Ann: Share Purchase Plan Offer Closing Friday 8 December 2023, page-75

First 75 Last

Share
Profile

Follow
cruiser51

6,922 Posts.

1941

06/12/23

14:58

Post #: 71305054
Share

Originally posted by CEOChair ↑

I’m intending to apply for the maximum $30k allocation in the SPP. However, I note this week’s announcement confirming the offer will close on Friday as originally proposed, but as yet, there has been no news on the Rafael 3D Seismic fast tracked interpretation which was flagged to holders in recent announcements and again on the recent presentation accompanying last week’s webinar as due by the end of November. Mr Nador reiterated this was due “in the next week” in the webinar. If the company is not in a position to release this market sensitive and vital information in time to give holders a chance to assimilate it before making a decision on their participation, will the company consider extending the SPP deadline? If the fast track interpretation has been received, but the company needs time to analyse it, then will the company also consider an immediate Trading Halt and extend the SPP deadline accordingly? If not, it seems to me, holders are being asked to gamble on the unknown.

Expand

I have the feeling that "sophisticated investors" could well have a better understanding about the 'Rafael 3D Seismic fast tracked interpretation', than the retail investors.
If no news is forthcoming before 8/12, it could well be the CR will not be as successful as BRU had hoped.
I would not be surprised that this was done intentionally.

This current CR exercise reminds me of the following story:

BRU Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

MGU

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

MYE

Grosvenor mine fire takes another scalp as Metarock's 168-person presence on-site suspended by Anglo

There are more pages in this discussion • 43 more messages in this thread...

First 75 Last

Add BRU (ASX) to my watchlist

(20min delay)
Last 8.5¢		Change 0.001(1.19%)		Mkt cap ! $57.06M

Open	High	Low	Value	Volume
8.3¢	8.5¢	8.3¢	$34.94K	414.8K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	8.4¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	100880	2

View Market Depth

No.	Vol.	Price($)
1	100000	0.084
1	21761	0.083
3	206000	0.082
2	58000	0.081
1	100000	0.080

Price($)	Vol.	No.
0.085	100880	2
0.086	15603	1
0.087	220000	2
0.089	157022	2
0.090	116000	3

Last trade - 13.04pm 31/07/2024 (20 minute delay)

BRU (ASX) Chart

Ann: Share Purchase Plan Offer Closing Friday 8 December 2023, page-75

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Grosvenor mine fire takes another scalp as Metarock's 168-person presence on-site suspended by Anglo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Share Purchase Plan Offer Closing Friday 8 December 2023, page-75

Top Stories

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

New results confirm Buena Vista's iron grades potential

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Grosvenor mine fire takes another scalp as Metarock's 168-person presence on-site suspended by Anglo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News