I agree too quiet for too long, progress update is way overdue! How could a competent company allow an open ended agreement for approvals for a JV that was important for one party to do a CR an screw existing holders and let them be done over ever so slowly FMD disgraceful.
even though we were clearly warned in the Prospectus issued 3rd May 2022 excerpt from Chapter 5
"The decisions and activities of its joint venture partners are taken independently from the Company and as a result there exists a risk that the Company may have the value of its interest in such properties reduced by votes or actions undertaken by other venture participants. The Company cannot guarantee that joint ventures will be operated or managed in accordance with the Company's preferred direction or strategy, or guarantee that joint ventures will be operated in accordance with work program commitments in respect of the relevant projects. This may result in projects being delayed, losing value, being forfeited or fines imposed on the joint venture parties."
BRU Price at posting:
13.0¢ Sentiment: None Disclosure: Held
