Only just beginning to do what it should have been doing all along . The price should have been much higher than it has been going into a drill that has been anticipated by share holders for years . Too early for any leakage . Just a few share holders coming to their senses after they have swallowed their outrage about the mismanaged credit raise . Good to see that shareholders that took part in the credit raise are now at breakeven with probably better to come even before any result is known .
I just cannot believe how sceptical investors in oil and gas companies have become. Either don't believe or don't understand what the company has announced about Currajong . Certainly not definitely a commercial discovery at this stage but seems to me to have a much greater chance than pre drill .
I am invested in exploration companies that have had 4 and 5 discoveries in a row and are trading way down on their SP's before that run of success.
The whole sector could have a much better year than the last few .
BRU Price at posting:
16.0¢ Sentiment: None Disclosure: Held
