You need to differentiate between "sustaining capex" vs "new project capex". If a company needs to spend as much sustaining capex as it generates in profit then you have an issue - that is not the case with BRK.
BRK is spending capex on new wells (not sustaining capex on existing operations) - essentially reinvesting profits into more production. You'll start to see exponential profit growth going forward as the Wolf Pack well beggings producing in the next few months and profits rise faster than the cost of drilling new wells each quarter.
You need to differentiate between "sustaining capex" vs "new...
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Last
1.4¢ |
Change
-0.001(3.57%) |
Mkt cap ! $64.32M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.4¢ | $15.22K | 1.088M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 13983753 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 9706003 | 9 |
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| Last trade - 11.42am 03/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
-0.001 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.3¢ | 2399566 | ||
| Last updated 15.54pm 03/05/2024 ? | |||||
| BRK (ASX) Chart |