stepden, what were the reasons for the 10c price target, please?
With a "mere" $28m required for capex, it is stunning that BRL have tossed in the towel on their main assets- for now, at least. In their last presentation, the company had a $220m market cap, now only $66m @ 8c. For less than $100m, BRL can be bought and be a working mine. It is the bottom of the cycle, so it may be operating at a loss, but opportunists like JMS/Pallinghurst, who were thought to be looking at BRL years ago, could be taking a look now?
Takeover target?
stepden, what were the reasons for the 10c price target, please?...
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Last
78.0¢ |
Change
0.025(3.31%) |
Mkt cap ! $149.2M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 78.0¢ | 74.5¢ | $14.06K | 18.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4234 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 9139 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BRL (ASX) Chart |