BRK 0.00% 1.2¢ brookside energy limited

This is just a general observation.Everyone and their dog, from...

  1. 616 Posts.
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    This is just a general observation.
    Everyone and their dog, from YouTubers to delegates and convention attendees seem to think our shares are cheap, ie the market is undervaluing the worth of the business.
    DP stated his frustration at this state of affairs and initiated a buy back program to make it clear to the market that the company would take action to close the gap between intrinsic value of the business and the market valuation of the business.

    So we all reacted joyously and indeed the share price got a wee shot in the arm and moved up to its current 1.6c offer price.

    For the avoidance of doubt I would have preferred the company to spend its capital on asset acquisition, development drilling, exploration and any other operational goodies,............. but so far all our past successes in that area have not moved the share price needle.

    So the tactics of the buy back to achieve the objective?

    Buy as many as you can at the lowest price possible stick with those tactics for as long as you can until the buy back deadline in December is reached, irrespective of the actual effect on the share price?.

    Or do you take a more nuanced approach which takes advantage of the vwap + 5% reg and manage the share price on an upward trajectory so that it might actually reach something closer to intrinsic value within a reasonable time frame?

    Or do you aggressively push each buy back price to the maximum permitted over the shortest possible time period?

    A goldilocks choice between glacial and gung ho?

    .........The truth is out there ......., and whatever it is, we are all hoping for a share price a lot higher than 1.6c and long before Xmas
 
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15 10848681 1.2¢
 

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1.3¢ 22910913 18
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