Ann: Flames-Maroons Development Multi-Well Drilling Underway, page-31

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McGurk83

158 Posts.

42

22/02/24

22:48

Post #: 72547971
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Originally posted by 40Beers: ↑

IMO they have backed themselves into a pretty deep corner, at least for the next six - nine months. Coming Qtrly shouldn't be too bad, but next couple after will be rapidly depleting cash and all the fluff will be basically 'hey Dad, i dug another hole!'
Don't have the cash to both drill and give divi's so divi'$ are not happening.
Directors loans coming up mid year, no doubt DP has a difficult decision on what to do, IF they don't just figure out how to extend them with a stroke of the pen.
Oil price all over the place, could go to $120 or $60, US gas price in the shi!ter
US .gov looking at a mad year between election sham's and world police shenanigans, will the US even resemble the same country in 12 months?
Can't consolidate with all the issues above, SP will almost certainly just go down further.

So strictly IMO I think we are stuck in this death loop with SP at least for the next six - nine months, unless we have a black swan like a sale of reserves or some sort of takeover bid.
Have they made the right decision, and will it be rockets to the moon (with shares2 strapped to it), lambo's and div'$ for Xmas or next Easter? only time will tell i guess ; ).
Is it Beer'o'clock yet?

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Hang in there 40, I'm sure we’ve all had doubts about what we are doing here at some stage. If you look at BRK from a purely business perspective, which I do to keep myself sane, they are an extremely well oiled machine. IMO they are as risk free as you will find on the ASX and just because the SP is not appreciating atm doesn’t mean you are in the wrong spot. I agree that we may not see significant SP increase until additional buybacks, dividends and consolidation, but is another 12 to 18 months really that long to realise these gains. Hope you stick around as I really enjoy reading your posts!

BRK Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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