oh cujo... you now know what Twiggy thinks. Well done I guess. Were you around when he first started on building his Iron Ore empire.... A few years is nothing to Twiggy. He gets that infrastructure built when others cannot, that is the opportunity he sees I believe. Being negative is fine (however, saying Ad nauseam is getting a little frustrating to read), but... seriously, the well BRU just drilled was potentially, 'anything'. But alas, it was a P/A. That is risk that has to be taken, otherwise... um yeah. No exploration would occur and BRU would be more like FZR which sits and gathers dust.
btw - ROC is not gone yet.... they are still plowing cash into the J/V at Ungani, Yulleroo and Ungani North, but not the exploration arm. I find it interesting you only heap your scorn at BRU. I had high hopes that ROC would inject new practices into the J/V, yet it would seem it has happened far more slowly that I had hoped. In fairness though, Mitsubishi did not necessarily bring much expertise to the table either.
The unconventional in the North (Laurel) and the South (Goldwyer) are not gone, they are just not being focused on (although I am slightly hopeful that this will change in 2020 (for a couple of reasons).
Sitting tight is not easy.
BRU Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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