Sam, I don't know whether you dropped by here to gloat, or if not, maybe bottom feed?
Of course, you'll say it's to graciously warn us all!
Obviously, you've had years to do that, but didn't.
And what you're sharing now is Blind Freddy level hindsight.
Yes, thank you very kindly Einstein, the SP is a 20th of what it was a few years ago.
Yes, management is still paying themselves like champions, and not actively communicating it's plans for our potentially fabulous gas resources....
But the question every holder asks..... is what to do about it?
The obvious out - especially this time of year - selling at a loss can at least be attractive for the CGT off-set. It's an option, though at 0.9c it smacks of capitulation.
Given my exposure is now a small part of my portfolio, I'm more inclined to see what stirs in fy 2024/5.
In fact, BLU's financial position is far from dire - it's the lack of communicated action that makes the enterprise appear zombie-like.
There's a relatively small number of sellers, clearly assuming the worst, and probably bored to death with it. The rest of us wonder what is going on....
Any sign of life and these shares might multiply.
Achieve some credible progress, and 9c is a well visited BLU benchmark.
Yes, that's the magic 10 bags from here. Plus more to go, potentially......
Perceived risk is high of course, but the zombie may start walking anytime, and the reaction will be huge.
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