I don't believe that BRU has any need for short term funding.
There are multiple sources of funding available when it is actually needed, including the introduction of a new JV Partner , Mitsubishi equalising its interests in those permits that it is not yet in , etc etc. plus they still have a healthy cash balance to work through.Meanwhile Mitsubishi is picking up the tab for ongoing exploration.
BRU will not be raising any funds any time soon and certainly not at share prices as low as it now is.
Capital will eventually be required for development and rather than dilution of capital , BRU will look at the more sensible action of debt financing. Banks will be falling over themselves .
As news continues to flow and the sp continues to rise , shorters will get a real haircut.
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Mkt cap ! $61.09M |
Open | High | Low | Value | Volume |
9.1¢ | 9.3¢ | 9.1¢ | $42.61K | 464.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 34000 | 8.7¢ |
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Price($) | Vol. | No. |
---|---|---|
9.2¢ | 104378 | 1 |
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No. | Vol. | Price($) |
---|---|---|
2 | 34000 | 0.087 |
2 | 26000 | 0.085 |
1 | 100000 | 0.084 |
1 | 200000 | 0.082 |
2 | 65000 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 104378 | 1 |
0.093 | 57818 | 1 |
0.095 | 141146 | 2 |
0.099 | 10000 | 1 |
0.100 | 290153 | 3 |
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