Finally caught up with the minutes of the AGM. Pretty dispapointed at the easy options they created for themselves. While you could argue 94c was a stretch by Aug next year, having an exercise price of 30c, or in other words, a target below cash value, is hardly something challenging.
I think they will do well from the 3D around the current small producers, and hope that they get something out of the more high risk areas, but hate seeing them take advantage of the poor market and hand themselves easy rewards for day to day business.
BRU Price at posting:
23.0¢ Sentiment: None Disclosure: Held
