Just look at REY.
They do a continuous buy back of shares, then announce a capital rasing which the Directors and friends underwrite. Zero take up by non Chinese shareholder.
Underwriters buys it all and then funds received used to buy more shares on market.
Ultimately Chinese get more and more control.
But why?
Well in REY case the royalty should be quite valuable if BURU ever produces any oil.
But in the case of NSE and OBL I have no idea why except my speculation.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities and Cash Flow Report September 2016-BRU.AX
Just look at REY. They do a continuous buy back of shares, then...
-
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRU (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.40M |
Open | High | Low | Value | Volume |
8.7¢ | 8.7¢ | 8.6¢ | $38.43K | 443.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 169435 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.7¢ | 430473 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 169435 | 0.086 |
3 | 118421 | 0.085 |
1 | 2392 | 0.084 |
3 | 67807 | 0.083 |
2 | 12707 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.087 | 250004 | 2 |
0.088 | 1048130 | 2 |
0.090 | 515966 | 2 |
0.092 | 101647 | 2 |
0.094 | 109969 | 3 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
BRU (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online