Can only agree. In simplistic terms, the oil has tangible value, the Ungani field itself etc etc. All that Mitsubishi got is currently blue sky (although we both know that the Laurel is a monster... its a dormant one right now). I think Peter Strachans report provides a good overview of BRUs value (with the 100% of Ungani etc). As for the share price... I guess lets see what happens when 96m new shares appear in holders hands. Most should stay put, but as you have done (profit is profit) and some will be sitting on near 40%+.
So not sure I can add much of value, other than 'have a good weekend'
Ann: Half Year Accounts, page-5
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Last
8.9¢ |
Change
-0.003(3.26%) |
Mkt cap ! $59.75M | |||
| Open | High | Low | Value | Volume |
| 8.9¢ | 8.9¢ | 8.7¢ | $12.38K | 141.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6294 | 8.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
8.9¢ |
Change
-0.003 ( 3.16 %) |
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| Open | High | Low | Volume | ||
| 8.7¢ | 8.9¢ | 8.7¢ | 12222 | ||
| Last updated 14.06pm 12/06/2024 ? | |||||
| BRU (ASX) Chart |