Engagement with US Market

When considering why there may be demand for BRN shares do not forget to factor in the need to accumulate shares to satisfy the definitely coming ADR offering in the USA.

Long term investors will be the beneficiaries.

My opinion only DYOR
FF

AKIDA BALLSTA

“Engagement with global equity capital marketsThe Company is accelerating its engagement with global investors through the appointment of a US-based investor relations firm, Integrous Communications. This strategic engagement is focused primarily on the US market but is also generating significant interest from institutional and retail investors in Europe and the Asia-Pacific region.As part of the ongoing efforts to improve access to the US capital markets, the company has initiated efforts to pursue an American Depository Receipts (ADR) program. An ADR is a US trading instrument denominated in USD that allows a non-US issuer of securities to trade on a US trading system or exchange. Typically, one ADR will represent multiple shares of the stock listed on its home exchange. As ADRs are sold in the US, BRN shares will be accumulated on the ASX in a custodial account. The intent of this program is to provide access to US institutional investors who are unable to invest in foreign listed shares (ASX: BRN), US listed foreign shares (OTCQX: BRCHF) or in shares below a certain price point. The ADRs will be listed on the OTCQX. Once the application is approved, the company will provide an update to the market. The Company intends to file Form F-6 with the US Securities and Exchange Commission shortly. Approval is anticipated mid to late Q4, and the details will be announced to the market once effective.”