Healthy debate guys. IMO this drilling deal is a master stroke by the co. Agree with you Paul, nothing untoward with this at all and a structure that is used often and successfully in the US oil patch via DrillCo's.
The best way to look at it IMO is a way to minimise dilution (without this deal BRK would have had to raise approx. A$5million when there mkt. cap was around that level to drill these wells and receive the cashflow) and maximise shareholders exposure (risk free) to the upside unlocked in the land. Granted, takes some time to understand but well worth the effort I think.
GLTAH DYOR
BRK discussion, page-556
-
- There are more pages in this discussion • 2,182 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BRK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
-0.001(5.00%) |
Mkt cap ! $45.34M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $248.7K | 27.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 22920427 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 14892506 | 9 |
View Market Depth
| Last trade - 15.07pm 27/09/2024 (20 minute delay) ? |
| BRK (ASX) Chart |