And BRO has found what could be a very price sensitive acquisition:
"The directors and management are currently considering a substantial acquisition, which has now reached due diligence and independent valuation stage."
There is also an interesting resolution to be passed at the upcoming AGM - to issue up to 500 million shares at a minimum of 80% of 5 day VWAP to director Vaz Hovanessian, to partially fund the upcoming acquisition.
That VWAP is likely to be around $0.003, and must be higher if 5 day VWAP at the time of issue is $0.004 or more.
If the boss of BRO wants to put down his own cash hints that the proposed acquisition is a good one likely to move the share price higher.
