BRU
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1.25% 8.1¢ buru energy limited

Twiggy move on Canning Basin, page-26

  1. fullmetaljacket
    432 Posts.
    lightbulb Created with Sketch. 10
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    02/11/16
    16:04
    Post #: 20317280
    WN you paint a very silly and highly unlikely scenario.
    Firstly, the potential value of BRU's holdings are significantly more than you suggest. You need to read the last independent reserve report. ES and the Board would simply not entertain any cheap farmin offers.
    Secondly , nobody would accept a TO offer at 28 cents. Any takeover offer would have to have the approval of ES and Coogee , plus a number of other big shareholders. Just not going to happen .
    BRU Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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