Have you got the GGC chart handy?
Anyway, the selling we have seen since hitting $3.30 seems odd to me. Fundamentally, surely Ungani North will not flow as much as Ungani, but then again, there is oil in the dolomites and there is oil/gas at Nullara as well, and there are so mmany more targets to drill. Maybe the market didn't like the 38% water? (before it was always referenced to as "insignificant amount of water")
Maybe the largest risk is the potential environmental backlash at the moment. Not, sure, but the trading has been a bit perplexing letely.
It also seemed that a big holder is selling out, as there were quite a few large dumps in the trading today.
Have you got the GGC chart handy?Anyway, the selling we have...
Add BRU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.2¢ |
Change
-0.002(2.13%) |
Mkt cap ! $61.76M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.2¢ | 9.1¢ | $9.764K | 106.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19763 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 105000 | 1 |
View Market Depth
| Last trade - 15.48pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
9.2¢ |
Change
-0.002 ( 1.08 %) |
||||
| Open | High | Low | Volume | ||
| 9.3¢ | 9.3¢ | 9.1¢ | 94244 | ||
| Last updated 15.48pm 04/06/2024 ? | |||||
| BRU (ASX) Chart |