I have to agree Speculator, Keiran gave a great presentation and I was left with the feeling that this is a guy I could trust. They've built up an impressive team too, which speaks volumes for the confidence these people have for the future of Buru.
While I was extremely grateful to see the presentation online, it would have been nice to view the closing Q&A session too. And I hope that in future we can see the event live, and that the board will field questions from internet viewers. Surely we are near the point where this is a rational expectation from an ASX 200 company.
I was also impressed that the board admitted that the reason for the piddly $5 million SPP was that the CR would not have happened if the SPP was greater than this amount. This is the first time I've heard a company admit that the investment banks insist on minimal SPP, otherwise they will not underwrite a CR. Obviously, the broker-banks do not want the masses to take their fill with the SPP, and thus not have the capacity to push the price higher so the broker-bank can dump the shares it bought for a massive short term gain. So much for broker support.
Speculator, I'm pretty sure that Buru will be testing all 5 of the most recent gas wells, ie. Yulleroo-3 & 4, Asgard, Valhalla-2 and Valhalla North. They are doing maintenance on these well sites, so it follows that testing is the reason. I think they would have to experience major disappointment with the initial testing to forgo testing all of these wells.
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Last
4.6¢ |
Change
0.001(2.22%) |
Mkt cap ! $35.61M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.6¢ | $552 | 11.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 436878 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 18009 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 423545 | 0.045 |
2 | 507951 | 0.044 |
4 | 316870 | 0.043 |
2 | 95259 | 0.042 |
3 | 111000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 18009 | 1 |
0.048 | 582261 | 5 |
0.049 | 291591 | 4 |
0.050 | 25500 | 1 |
0.052 | 175950 | 1 |
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