BRU holds permit in two entities- Buru itself and “Buru Canning” which is probably the holding company ttat ORG used to hold their interest that they handed back for nothing, in their infinite wisdom. So each entity has to give up 25%.
Sabre buying a volume = area of production license and down to 1800m
ROFR is on rest of permit - note mention of exposure to “ exploration running room”
If this was a normal market / exchange stock would be trading at $1.00 - company is delivering so we can’t blame mgmt - its more a huge problem with ASX as BME and TBN found out
Still more to come….
BRU holds permit in two entities- Buru itself and “Buru Canning”...
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