If you are selling at these levels what you are in effect doing is selling $50 notes for $30. You are effectively pricing in an apocalypse. BRM will not get close to spending $50M in the next 12 months, yet the market is saying that some future event gives it a present value of -$50m.
What would have happened if Swan hadn't opened the rail??
I think the sooner we just reset all in the indicators to zero and move forward the better. This upside down universe is making me dizzy.
BRM Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
