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73.5¢ bathurst resources limited.

How many BRL shares do you estimate still have a 500%+ profit...

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330 Posts.

24

11/07/18

08:58

Post #: 34266918
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Originally posted by investor_jackson ↑

Wow, looks like I was, right.... Mr Market seems to have not been bothered... Not even 2 weeks later and it looks like this is turning into a bad joke, for BRL at least. Probably heading down to 14.5c soon, and continue to defy gravity and go below 14.0

JAL at its highest point in nearly 5 years still, and up over 64% after this announcement (which was less than 2 weeks ago) and showing no signs of going any lower than this bigly increase, market cap up over $20m.

Meanwhile ol' BRL is at the other end of the spectrum. BRL not even up 7% and market cap wise is up about $15m.

Although BRL do have to pay for it, what makes it a 'bad joke' is that BRL are the ones in the drivers seat, have reduced political risk, will substantially benefit financially, among other very serious positives of this expansion. Funny also that some days (maybe even most) there is still more shares traded (dollar wise!) on JAL than there is on BRL - despite BRL having a market cap 4x bigger: now that is crazy.

I haven't even mentioned the rest of the positive company presentation released the same day which included a 4th EBITDA upgrade, and all sorts of other details on domestic operation expansion, but then again, when the market doesn't even care about the potentially fantastic JAL agreement, why would they care about much else?

On another note - I realized we have not seen a conversion notice for an extremely long time now. Still a decent amount of convertible notes that nobody seems to be converting - clearly the big guys would rather get their 8% coupon than sell at the current market price, which like me, they probably think is woefully undervalued (and unlike me, they are sitting on even larger paper gains!).

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How many BRL shares do you estimate still have a 500%+ profit attached to them?... the higher that number the more significant the resistance... and when conversions are excercised the situation will not improve. Following the ANN JAL was always the better immediate bet.

BRL Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 73.5¢		Change 0.000(0.00%)		Mkt cap ! $140.6M

Open	High	Low	Value	Volume
73.5¢	74.0¢	72.0¢	$31.14K	42.51K

Buyers (Bids)

No.	Vol.	Price($)
1	7500	73.0¢

Sellers (Offers)

Price($)	Vol.	No.
74.0¢	5996	1

View Market Depth

No.	Vol.	Price($)
1	25	0.650
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.740	5996	1
0.750	26666	1
0.790	50000	1
0.800	28279	1
0.815	6538	1

Last trade - 15.45pm 30/08/2024 (20 minute delay)

BRL (ASX) Chart

How many BRL shares do you estimate still have a 500%+ profit...

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How many BRL shares do you estimate still have a 500%+ profit...

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