Looking through this weekend's posts, I do understand the frustration expressed.
In 2017 we enjoyed an impressively steady ride up to 18.5c, and in November were confident of further major gains with a deal imminent.
But without action, the last 7 months the SP has been in drift down. Half BUL's value evaporated (and most of my gains). At the same time Blue management have seemed dormant, and silent as a grave.
I recheck the fundamentals. Without news I have to remind myself - yes, the BUL ducks are there; indeed, fine, fat ducks, forming a quite tidy row.
One of Blue's big strengths is the exceptional experience and industry profile of John Ellice-Flint and his team - the idea is that these guys really do know what they're doing.
I've ascribed their silence to the professionalism of this team, who would never compromise the confidentially of commercial negotiations.
Like Viet Cong, they're keeping stum to strike at the optimum time and situation.
I guess I would never tell a eminent heart surgeon where to cut - even for my own heart. Perhaps us punters, however tempted to angst and give advice, would be wiser to relax, go smell the roses, leave the worries to the professionals.
I just takes time. Waiting for the deal.
The SP is back to were it was in September 2018.
For buyers today, you lucky, lucky b*ggers, you save 9 months of opportunity cost.
The BUL ducks are even fatter now than September, and not a feather has been plucked yet. The big value realisation is ahead of us.
I see a 250% gain (BIR) in the gainers column today, and feel that this 250% gain ought to be BLU re-rating to 22.3 cents (from just a little hopeful news - just one Ann please!).
And then, plenty more as BUL's value is commercially realised..
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