I have the feeling that "sophisticated investors" could well have a better understanding about the 'Rafael 3D Seismic fast tracked interpretation', than the retail investors.
If no news is forthcoming before 8/12, it could well be the CR will not be as successful as BRU had hoped.
I would not be surprised that this was done intentionally.
This current CR exercise reminds me of the following story:
Ann: Share Purchase Plan Offer Closing Friday 8 December 2023, page-75
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Last
8.0¢ |
Change
-0.005(5.88%) |
Mkt cap ! $53.70M | |||
| Open | High | Low | Value | Volume |
| 8.4¢ | 8.5¢ | 7.8¢ | $16.64K | 203.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 200000 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BRU (ASX) Chart |