A good place to start is the large number of options yet to be converted.
One should always take these into contention when working out the FA of a stock.
Next best thing to look at is how BRL intend on selling themselves to institutions after they have already clearly indicated to the markets they have a very cosy relationship with a few select investors.
Pretty tough task as insto's, being professional investors, are not very forgiving when a board appears to be self serving.
Many will shy away purely because of the huge overhang of shares(500m) that are entering the market with easy 500-600% gains......could well drive the SP a lot lower.
Investors with their head in the sand nearly always end up being dumb founded about SP reactions.
Ann: Company Update, page-337
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Last
80.0¢ |
Change
0.005(0.63%) |
Mkt cap ! $153.0M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 81.0¢ | 79.0¢ | $9.941K | 12.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 29260 | 2 |
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| Last trade - 13.41pm 26/07/2024 (20 minute delay) ? |
| BRL (ASX) Chart |