I believe this is the bottom and Lind yes not what anyone who has ridden this story out for along time really wanted to see again. Is it a desperate ploy by management to survive or a stop gap till they deliver. Everyone need to decide that point but id say more of a stop gap and they will be looking to finalise something in time to pay lind out without lind having the opportunity to convert and consolidate and turn this into a basket case. All holders know there is potential here with the land and its proximity to BRU. Most say management have screwed this up and the record so far say they have as the stock price is at its lows and developments of their leases show little. Sometimes all the ducks dont align right and things with small end specs can be difficult to align. They once had interest from FMG so they did something right there and were close but it fell apart. Oil prices and the court case didnt help and you just need to look at BRU's stock price to see that OBL well like any other oil stock has been ravaged. So right here right now this punt is will OBL get a farm in and will the ducks align this time for this so called dog. Sometimes every dog has its day and ive taken the punt that this dog may have its day after BRU results and the interest they may create for OBL. Hopefully long term holders who have suffered finally get rewards as they deserve it.
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Change
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Sellers (Offers)
Price($) | Vol. | No. |
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19 | 25757561 | 0.002 |
15 | 18215015 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 5224950 | 6 |
0.006 | 9926666 | 4 |
0.007 | 7845449 | 7 |
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