Think it's pretty clear from reading between the lines and CEO responses to queries around it that it's Talley's calling the shots around the cash retention. The stock is incredibly undervalued,all the assets including the mines and all the equipment are trading at an EV of around $0. That probably doesn't stay that way for the long term as eventually Talleys will want the cash and they also own 10% of BRL. Positive catalysts for a re-rate include selling some of the nearby BRL assets into BT to receive some cash and also the final outcome of the courtcase - the hearing is scheduled for this month I believe.
Think it's pretty clear from reading between the lines and CEO...
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Last
84.5¢ |
Change
0.005(0.60%) |
Mkt cap ! $161.6M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 84.5¢ | 82.5¢ | $8.393K | 10.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 97093 | 7 |
View Market Depth
| Last trade - 15.55pm 31/05/2024 (20 minute delay) ? |
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Last
83.5¢ |
Change
0.005 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| 84.0¢ | 84.0¢ | 83.5¢ | 1176 | ||
| Last updated 15.55pm 31/05/2024 ? | |||||
| BRL (ASX) Chart |