This is a question for management and all long suffering shareholders .......why- o- why is BRK so severely manipulated by shorters on the ASX but before you answer consider today's action in the market......BRK down 10%.....compare to another energy company MAY up over 50% in today's trade.
Both companies had announcements.....MAY related to gaining approval to look for oil in Cuba....BRK announcing a possible consolidation and entry into NYSE.
May has 3,3 billion soi...don't make money so never paid a dividend.....BRK 4,7 billion soi makes money and has a positive drilling program about to commence yet no one is buying so why? .Mr Prentice can you answer that and while you're at it....why make today's announcement when oil hit a 3 year low.
Now consider this as a low cost opportunity to support BRKs share price.....commence an immediate buy back of 1.5 billion shares (issued in the last capital raising at 1.1c) reducing the shares on issue less than May's, saving the expense of listing on the NYSE and the cost of the consolidation. See how that works
out ...the recent buyback was successful until it petered out.
As well, let's see management take on more shares by dipping into their own pocket....and existing shareholders top up and hold.....you should all be familiar with the American stock Game Stop.
Finally interested to know of Dan Pech's thoughts on today's events.
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This is a question for management and all long suffering...
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
51.5¢ | 51.5¢ | 49.0¢ | $44.98K | 89.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 37144 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 0.495 |
4 | 19194 | 0.490 |
2 | 2160 | 0.485 |
2 | 13888 | 0.480 |
2 | 15526 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 10000 | 1 |
0.510 | 1334 | 1 |
0.515 | 25218 | 2 |
0.520 | 12675 | 4 |
0.525 | 13000 | 2 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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