Yes it's weird activity and I don't profess to have the answers. I suppose some of it might have to do with the end of financial year and the desire for some Instos to crystallize a profit before year end. Whatever the reason , it does not reflect fundamentals which have improved with the last two announcements. I think we might see a significant firming in early July, and given that the fundamentals have only Improved , I am looking on this as a buying opportunity. The sp is now getting down close to what the placement went out at, and they rushed it at $3.
BRU Price at posting:
$3.15 Sentiment: Buy Disclosure: Held
