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7.69%

1.4¢ brookside energy limited

Ann: Completion of Initial Share Buy-Back, page-73

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17/04/24

11:40

Post #: 73384646
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Originally posted by Melv97 ↑

The fact that the FFD will require a modest credit facility suggests that free cash flow might be lean until it is fully producing.

Whilst I'm keen on a strong buyback, you would have to question a significant portion of cash flow going to this when debt is required for the FFD, given the risks of cost blowouts and a drilling programs of this scale.

I would think any buyback would be delayed until cashflow turns positive from FFD and covers both the debt facility and company funding of development costs.

I understand the debt vs. equity argument and leveraging, but this tends to contradict the capital management plan that BRK has operated under till present.

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at last a helpful correct post, the above is why the sp flounders costs costs costs .

BRK Price at posting: 1.4¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 1.4¢		Change 0.001(7.69%)		Mkt cap ! $66.70M

Open	High	Low	Value	Volume
1.3¢	1.4¢	1.3¢	$331.6K	25.25M

Buyers (Bids)

No.	Vol.	Price($)
18	16061428	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	24044544	27

View Market Depth

No.	Vol.	Price($)
18	16061428	0.012
11	7761356	0.011
10	3600009	0.010
7	3036680	0.009
1	100000	0.008

Price($)	Vol.	No.
0.014	24044544	27
0.015	17399463	20
0.016	4317807	14
0.017	8774408	8
0.018	1310000	3

Last trade - 16.10pm 20/05/2024 (20 minute delay)


Last 1.3¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
1.3¢	1.3¢		1.3¢	8235361
Last updated 15.46pm 20/05/2024 ?

BRK (ASX) Chart