In November Redleaf valued BRK at 08c per share based on their then holding of 1280 ha.
Since that valuation not only has Anadarko Basin per hectare price increased , but so too has BRK holdings as of today....to 2100ha.
Even if we continue to use the 2017 per ha prices of USD$16k/AUD$40k ....BRK is now valued at AUD$40m - or 4.5c ++ on assets alone....let alone the revenue they have - which is funding acquisitions.
I believe the wider market is missing the investment opportunity right in front of them. Despite the fact it has been spelt out by the company, i think investors are still viewing this as a traditional OnG play so are waiting for some incredible ANNC about flow rates etc .
As usual, the early bird is getting the worm here. Selling will exhaust itself soon enough.
Happy to be corrected on any of the above.
gltah
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Change
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Mkt cap ! $45.34M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $248.7K | 27.05M |
Buyers (Bids)
No. | Vol. | Price($) |
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30 | 22920427 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.0¢ | 14892506 | 9 |
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24 | 18394099 | 0.008 |
8 | 4333571 | 0.007 |
5 | 2251677 | 0.006 |
7 | 3258000 | 0.005 |
Price($) | Vol. | No. |
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0.010 | 13892506 | 8 |
0.011 | 53686909 | 43 |
0.012 | 11754609 | 17 |
0.013 | 15654630 | 14 |
0.014 | 12176951 | 15 |
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