Great presentation and recap of what's expected.
There are generally 2 reasons why a company put up a presentaiton:
1. Capital Raising. In most cases this is likely to be the case as seen across small/mid/large caps, more so in small caps. However BRU seems to be spilling out the good stories in media release/interviews/presentation, so hopefully this is not the case. The company did advise they have $$ to last till end of the year so we shall see.
2. Possible road show to more potential retail/insto.
Scenario 1 will see SP drop in anticipation - hence SP drop today reflects this.
Scneario 2 will see SP rise once more ppl get on board.
This stock has been shorted for a while, reminded me of takeovers from last few years when big boys pushed down the price of various stocks and put in a low ball offer. BRU is my best conv/unconv play and it has too much potential.
cheers
pcyc
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Last
6.5¢ |
Change
-0.002(2.99%) |
Mkt cap ! $50.33M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.5¢ | $232.8K | 3.495M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 483942 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 400000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 483942 | 0.065 |
5 | 406847 | 0.064 |
2 | 89365 | 0.063 |
3 | 76145 | 0.062 |
2 | 500000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 400000 | 1 |
0.080 | 154473 | 3 |
0.082 | 173913 | 1 |
0.084 | 128205 | 1 |
0.085 | 58999 | 2 |
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