I think we have to give a credit to NSE management for their decision about selling Buru shares at the right time. There $13.8m difference if they would sell the Buru shares today @1.95. (It looks like it may go lower despite the good anns today)
NSE sold;
5m Buru shares @3.18 ......... $15.9m 10m Buru shares @2.74 ........ $27.4m ---------------------------------------- Total value of shares sold ... 43.30m
If the 15m shares was sold today @1.95 the total value would be $29.25m.
The difference would be; $43.30m - $29.25m = $13.80m
This difference represents more value than the cost of Gibb Maitland-1 well drilling. We can assume that we have drilled it free!
That sounds to me very good that NSE management is very good at making the critical decisions.
NSE Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held