BRU 2.27% 8.6¢ buru energy limited

Ann: Operations Update Miani 1, page-40

  1. 5,628 Posts.
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    Damage was done on Monday.. looks like the SP is down now.

    Are KPIs being awarded for an eroded SP... seems as though the team are doing all things possible to bring it down, regardless of a plan or not... we went down hard from already low levels.. maybe it wasn't a duster. But the damage was done.. and with no clear positive news from other activity, it's understandable the market feels like the updates are warning investors about how unlucky / useless we are and not to invest here - hence the sell off Monday / Tuesday and the flat SP today after feeling bad about destroying all positive sentiment on Monday maybe they wanted to throw us a bone.

    Hard to see much like Man on the Moon... how technology has NOT made it easier to discover oil.. you can see it in the 3d seismic s.. how the heck do you miss it drilling.. i just know you can as ive been holding this play for 3 years now.

    Maybe fair value can be achieved, but we are not marketing any success and seem to have more than our fair share of information held back as its currently "pending" -- market assumes this is all zero value id imagine.. no reason to assume a positive announcement is just around the corner.. so in this regard, we may catch the market off guard as they have been lulled into a false? sense of BRU being an unsuccessful explorer (and producer!)
 
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