In Da Hood has been twisting my arm re BRU, so I just thought I’d pop the question how BRU intend to commercialise their gas. No one has convinced me. The IVZ play in Zimbabwe has many of the same issues but I am expecting a significant corporate move there soon after this trading halt is cleared and I won’t back a wildcat unless free carried which would free up 160k which I was thinking of punting into BRU despite their very long history of failing to deliver. I see a short term spike in SP once the independent report is out followed by a long frustrating decline as euphoria fades and the reality of being another STX sets in. World geopolitics has set up a potential opportunity for WA gas but is billions of dollars and a decade away from production. A lot can happen in 10 yrs. I won’t be investing in BRU gas and I will be advising In Da Hood to only play it for the short term, if at all.
If I were him I would sell my KAR shares at peak, now, and punt it on our Cuban gig. It has 300% upside remaining over a relatively short time frame of 6 months or so.
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9.0¢ |
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Open | High | Low | Value | Volume |
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1 | 24975 | 0.087 |
4 | 33500 | 0.085 |
1 | 100000 | 0.084 |
1 | 9000 | 0.083 |
1 | 200000 | 0.082 |
Price($) | Vol. | No. |
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0.090 | 84881 | 1 |
0.092 | 129378 | 2 |
0.093 | 57818 | 1 |
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