BRU 3.66% 7.9¢ buru energy limited

Or both? I rather suspect the key to flogging it is to restart...

  1. 26,825 Posts.
    lightbulb Created with Sketch. 4582
    Or both? I rather suspect the key to flogging it is to restart it first. Agree the regular income is useful (and would have been particularly useful had the weather made it a little more irregular recently,) while we await a bidder… maybe we’ll bag another boat or three… however, I think it needs to be flogged to an entity with the inclination to extend it’s life and we will not be throwing significant money at anything other than Rafa from now on - or perhaps if not 100% sale, a farm-in in return for full funding of further development is a possibility. (and 2H & GeoVault don’t require much for now and will be floated when they are at the point they require capex.)
    Restart Monday anyone?
    Last edited by CEOChair: 22/03/24
 
watchlist Created with Sketch. Add BRU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.