I disagree. If you have as many shares as the top 20/ staff do, consolidation isn’t as impactful when getting the ‘value’ of the shares are worth. I also will assume that the larger holders on the staff are in that black rather than red, (considering most of them were performance rights and/or bought very early on in the company). therefore, yes they will care, but not as much as us smaller holders will, who are currently in the red, in a big way and hold relatively smaller share amounts.
yes we get the sameish amount of say but I think people in similar circumstances as me care a significant amount, considering how impactful it will be to our holdings.
It’s all about timing.
Now, if management are upfront and say, ‘look we have a deal but we can’t sign it until we move to the US’, I’d say ‘sure, no worries, go for it’…. but also ‘show me a good deal in return for US shares. Given you said there’s a deal, that shouldn’t be a problem to you BRN’,
however
at this stage, they don’t have a share value that can get them where they need to go… so a chicken before the egg scenario.
As I said before, let’s see where this goes. 12/18 months. Fingers crossed.
BRN Price at posting:
21.0¢ Sentiment: None Disclosure: Held
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