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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7.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.70M |
Open | High | Low | Value | Volume |
7.8¢ | 8.0¢ | 7.6¢ | $25.27K | 324.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81932 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 124192 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81932 | 0.076 |
2 | 65000 | 0.075 |
1 | 10000 | 0.074 |
1 | 10000 | 0.072 |
1 | 42000 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 124192 | 1 |
0.080 | 53734 | 5 |
0.081 | 39400 | 1 |
0.083 | 8000 | 1 |
0.084 | 71555 | 1 |
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