Ann: Change of Director's Interest Notice (Richard Tacon), page-9

I did not even think of that possibility but you may well be right. If BRL insiders know something that we don't...that would explain all. They don't think much of their own company.

Meanwhile Stanmore Coal is scorching the market. On Friday, the score was BRL -8% and SMR +6%. Year to date SMR + 51%, BRL -29%.

Here is where SMR may be doing obviously right thing that BRL has completely dropped the ball on: the very first page of the SMR section for investors on the SMR website:
Stanmore Coal places high importance on regular, open communication with our shareholders and other stakeholders through emails, ASX announcements, quarterly and annual reports and via the company’s web site. The company is keen to engage with our valued shareholders and encourages participation at general meetings. Company representatives are always available to answer questions from shareholders regarding the Company’s activities.

BRL? The section on investors says "ASX Announcements" & "Our News". There is not even a token acknowledgement of what Stanmore says...regular, open communications. As for "communication"...it is like pulling teeth to get any information out of BRL. "The News" has zero press reports on BRL that one can pull out of a simple Google search. No link to Daily Otago Times articles, for example.

SMR "keen to engage with our valued shareholders...", BRL does not pretend to do any such thing. They don't even mention such banalities on their website. SMR "company reps are always available to answer questions...". BRL: we don't even have a single investor relations employee! So every journalist, would be covering sell side analyst, shareholders, etc...are supposed to go to the CEO/MD level to get simple questions answered? The CEO and upper management must have too much time on their hands to deal with such routine matters.

In fact, the BRL website is so cold, you wonder if anyone is even minding the site, or is it an after thought for them? Most companies fully understand that their website is the best and cheapest way to advertise themselves. Someone going to a corporate website is interested in the company for whatever reason...a captive audience if you please. BRL's website is one of the blandest ones I have ever seen. How hard or expensive is it to spruce up the window front that is your corporate website? The only logical conclusion is that the management does not care about such obvious issues, for their own reasons.