Message I’ve been asked to pass on
Product BURU ENERGY ORDINARY
Product Code BRU
Reported Short Positions 4,920,242
Total Product in Issue 432,021,333
% of Total Product in Issue Reported as Short Positions 1.14
Oh, the good ol’ Days. Reminds me... CEO last year: can I draw your attention to the strategic arrangement Senex Energy have recently completed with US fund EIG as a model that may suit Buru as opposed to a farm-in? ES: AGREED, WE ARE DISCUSSING THESE SORTS OF ARRANGEMENTS WITH A NUMBER OF PARTIES - GETTING UNGANI BACK ON PRODUCTION IS THE KEY TO FURTHERING SUCH AN ARRANGEMENT
The difficulty with that for shorters is they will all have to cover on market. Probably why they are in denial.
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