This is true and the WA government pipeline under the state agreement goes through the block.
Who are we telling this to?
Farminees and Buru know this and are waiting for the 100% to be sorted before they commit.
Buru will do nothing because they must give a benefit to OBL for OBL to relinquish their rights. Therefore BRU and no body else will pay up for BOPL. It seems BOPL have stitched themselves up by doing this non reversible deal with BRU and instead of doing a deal with OBL. Perhaps BRU should do the decent thing and walk away and not hang BOPL out to dry. Let BOPL sort a deal with OBL, if OBL wants to. The outcome should be a formality and then the game will then be truly on.
It is a crying shame marketing to current shareholders and new shareholders has not been done. Many individuals have not been able to hold and have taken a hit. The share price should be at a multiple of the current share price.
However, the big fish know everything. Once OBL get 100%, BRU and everyone else will want a piece of the pie. The funny thing is, the price will go up for all of them and so will the OBL share price. Do OBL have to do a deal straight away, once OBL pick up the 50% for a donut? No.
OBL will get 1.8 million from OXX and can pick and choose the best deal. The early bird could catch the worm now and get it cheaper or wait for certainty and pay a premium with others lining up. The same goes for us individual investors. Why did those individuals pay up at 1.25c? Because they want to be the early bird. Pity there isn't more early birds buying on market now.
It will happen and OBL can stop or suspend the Lind draw downs. OBL will have no debt and be funded while OBL sit back and do the best deal possible. This should have a massive positive effect on share price. After the general meeting vote 5 August, OBL will have flexibility and capacity to get the best deal. It may not be needed. See what happens.
Remember OBL are operator and moving things forward as fast as they can. DYOR.
- Forums
- ASX - By Stock
- No hope for BRU
This is true and the WA government pipeline under the state...
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.312M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.1¢ | $14.53K | 681.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 968848 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 683870 | 0.003 |
19 | 25757561 | 0.002 |
15 | 18215015 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11012939 | 22 |
0.005 | 5224950 | 6 |
0.006 | 9926666 | 4 |
0.007 | 7845449 | 7 |
0.008 | 3646766 | 2 |
Last trade - 10.35am 07/11/2024 (20 minute delay) ? |
EMP (ASX) Chart |