BUL has a lot more to offer its holders before any larger CSG companies even think of making a play at it.
Look what happened to Roma. QGC came and swallowed them up at a 20-30% premium. This is only a fraction of the value that could have been realised by Roma if it had have proved its reserves up and become a producer.
Why would you want to sell out of Blue Energy before it got somes runs on the board is beyond me. It is speculative stock with a GIP estimate of 21.3 TCF. Do you know how many cps that could be worth. I would think that most holders of BUL are in for the longer term to realise some real value on the speculative risk that they have taken, rather than settling with a offer that considerably devalues the longer term prospects.
BUL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held