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1.0¢ brookside energy limited

Buy back target price was 1.4c a share... it dropped to 1.1c and...

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Empirereef

752 Posts.

201

15/05/24

13:49

Post #: 73836245
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Originally posted by beachinvestor: ↑

1. I wouldn't call planning the successful implementation of the $40M plus drilling program - FMDP as "doing FA" in the last 10 months.
2. My understanding is that the Buy Back saw the business pay the market average price for the shares over the Buy Back period. What was poor about the process apart from BRK not buying up to the limit allowed? Did you want them to buy the shares at a figure above the average, remembering it is your money they were spending?
3. The Only director "requesting" shares is DP and those shares are in lieu of salary and supportted by a report from an Independent Remuneration Consultant. They are not "performance shares".
4. Happy for you to explain what an "Agreed Price" is in a "Buy Back". There is no Agreed Price there is only a maximum price - no more than 5% above the 5 day VWAP.
5. How did the Buy Back push the price lower? If BRK had not bought the shares it did when it did then in all likelihood the share price would have been lower throughout the entire Buy Back period.

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Buy back target price was 1.4c a share... it dropped to 1.1c and still they hastily picked them up... hows those rose coloured glasses going??? Maybe I'll borrow them off you

BRK Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $47.72M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$10K	1M

Buyers (Bids)

No.	Vol.	Price($)
1	1150000	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	47066909	37

View Market Depth

No.	Vol.	Price($)
1	1150000	0.010
36	27004829	0.009
15	2708531	0.008
8	3814111	0.007
3	5335000	0.006

Price($)	Vol.	No.
0.011	47066909	37
0.012	14507152	20
0.013	16818498	19
0.014	11877951	15
0.015	4942920	9

Last trade - 10.27am 06/09/2024 (20 minute delay)

BRK (ASX) Chart