This is embarrassing... after a very material upgrade to profit and after anAGM, there is not a cent traded at the open today. Bathurst own a company that once valued itself at $2b (and the market thought it was well north of $1b)... today, despite (likely) making more magin than back then, the market could not care less.
The regulator now needs to get involved... and ask BRL what the dam is going on... the extremely low trading volumes for the past few months, combined with upgrades in profit in short spans of time, combined with assets some woul say are worth billions (yet valued at only cents in the dollar) just does not add up. Comparing to other similar ASX listed companies further confirms this.
BRL Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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