This is why I held off selling and taking my loss, because there is too real a possibility of a significant change in direction. Thanks RB for the update, you have now given me a realistic link to the fact that this is could happen.
In any case, using the BRO shell for the purpose of a backdoor listing of a mining company would be a significant attraction to someone with that intention IMO. It's far easier (and cheaper) to hold an EGM and have holders agree to a new Coy direction & meet the requirements to list on the mining board of the ASX rather than going through the IPO process. I've personally been invested in Coy's that have done this in the past.
From my perspective, I'll hold in hope up until 30/6, then make my decision on where to after that. I hope that something does happen in the mean time!
BRO Price at posting:
0.3¢ Sentiment: None Disclosure: Held
