GREAT GREAT post FF. As others are .. I am very very positive BRN, and your posts today make that easy peezy. But one comment that LDN said sits firmly on my mind. The volumes traded and the share price appreciation is of particular interest when coupled with comments by LDN. Originally, and I mentioned this a few days ago, I thought BRN will be raising more cash at these SP levels but I think my mind is much clearer now, and I’ll explain. The LDN comment that interests me a lot is:
Why would he say this, and I’m sure we all have our views, but mine is that BRN has a suitor and it’s one of the majors. To me this is one reason you would not need China. As the market in China is huge, why would one mention negating going there at this early stage. I’ve lost my left on another gamble but I’ll put my right on the fact that we will in time find that there is a major USA based suitor collecting stock and elevating share price to encourage our insider investors to accept a bid. If not two suitors. This is opinion only, but my mind is so clear on this that I will be increasing my exposure and changing status to a buy from current share price.
BRN Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
(20min delay)