BUL blue energy limited

Ann: Director Appointment/Resignation , page-8

  1. 1,726 Posts.
    lightbulb Created with Sketch. 30
    So Blue have 75% of the Maryborough now and are burning cash like they have 100,000 bpd production . No voluntary wage cuts .

    Beach have 25% .

    Are Blue intentionally running this thing towards the rocks in an effort to take advantage of the ASX's increase in placement capacity from 15% to 25% to let their mates in at some obscene 2.?C per share price .

    How much of the Maryborough is going to be left for existing shareholders after all the dilution has taken place ?
 
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