BRU 2.08% 9.4¢ buru energy limited

hOOts, there have been other factors... i.e huge surge in the...

  1. 11,675 Posts.
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    hOOts, there have been other factors... i.e huge surge in the oil price a couple of years back. Markets were cocky and valuations were, lets say stretched across the board as the 'mining boom' would never end. Since BRUs initial oil discovery, its been bogged down in negotiations with NT holders (but... that is partly their fault, they should have sowed up such details before Price point collapsed).

    Though of course, management have made some serious blunders in the board room and on the ground.

    I will agree is damn frustrating to see the share price so low, but... BRU will eventually develop its assets (although who actually owns them at that time is up for debate). The Chinese are circling to say the least.

    I will admit I am really purplexed as to why the likes of BPT have not bought out BRU, even just for its conventional assets. They could easily sell of BRUs tight gas to the Chinese or, Twiggy for double the price of the current market cap, and then explore like crazy.

    My thoughts in regards to BRU funding position.... it has enough cash to last it out until the start of 2018.

    Good luck to all holders, I thought I was a patient person before I invested in BRU... now I know I am.
 
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Last trade - 16.10pm 28/05/2024 (20 minute delay) ?
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