Rationale for company existence was to on-sell gas bearing ground on east coast, return some money to shareholders, and use balance to develop N.T. prospects.
FACTS : 1. No ground sold
2. No money returned to shareholders .
3. N.T. prospects not advanced.
4. No pipeline to market.
5. No gas sold.
6. Shareholders money spent without results.
7. Share price collapse.
8. Nothing to drive share price up.
9. further capital raises on horizon.
Owner / shareholders invest on anticipation of positive results. In current corporate law scheduled opportunity to exercise owner / shareholder authority is through programmed annual meeting vote - its time to say " your fired ! " - . C.V.s mean nothing in view of continuing negative outcomes for owner / shareholders.
vote AGAINST motions and FOR spill motion.
BLU Price at posting:
5.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)