Second,
Working Capital is for admin etc. This is Blue just being prudent. Nothing was going to happen over the Christmas period. Everyone runs for cover. Now we are back in business and the LNG/gas market is alive and well. China's imports have surged 40%.
Blue are doing their best to do the very best for their shareholders with a deal that will surprise the market. To get an idea of what BUL is worth I would encourage all new viewers to read Stuart Baker's report.
It is a feather in BUL's cap that they have been recognised by this Global Investor.
The writing is on the wall.
BUL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held