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0.9¢ blue energy limited.

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MarkHGO

6,195 Posts.

535

22/05/23

10:29

Post #: 67892614
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Originally posted by DHammer: ↑

It is a good question but my research notes Blue has in the past lasted on an oily rag for a long time and with up to 3.5mill available they could actually last quite long before the need of a capital raise. With this in mind there should be quite allot of good news coming out (fingers crossed) before they would need to raise funds and they may get an agreement with QPM to get access to their pipeline and supply gas to Townsville which would bring in cashflow.
I also think the directors would want the SP to be higher before raising more capital. They raised 20mill at 6.2c last year and I would think they would want the SP at least that or higher. I personally think we will be getting good news prior to a capital raise hence my accumulation. But you just never know!

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Last Qtrly March 30th, have them holding $ 2,518,000 - ie. = .64 of a Qtr - let's hope they've spent their $ 20 Mil well & back to their oily rag!

Surely BLU have to take action to raise funds OR advise NEWS very soon?

Not keen on further dilution, but if it finally puts BLU on the MAP - it might just be worth the wait these past 15 years OR so!?

BLU Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.001(12.5%)		Mkt cap ! $16.65M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$5.713K	646.1K

Buyers (Bids)

No.	Vol.	Price($)
14	2959747	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	1423	1

View Market Depth

No.	Vol.	Price($)
14	2959747	0.008
17	8393066	0.007
12	10536000	0.006
9	5520000	0.005
5	3145888	0.004

Price($)	Vol.	No.
0.009	1423	1
0.010	1882346	8
0.011	657473	4
0.012	1209733	5
0.013	50000	1

Last trade - 16.10pm 27/06/2024 (20 minute delay)

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