BLU 10.0% 0.9¢ blue energy limited.

15 yrs, page-2

  1. 128 Posts.
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    It's been obvious for years that this company is being run to fund the director's lifestyle. They take a bit less than a million dollars each year from shareholders for a business that in reality, does nothing and has achieved little beyond survive.

    They grandstand, they make glossy presentations, they issue announcements, they sign MOUs that are worth nothing, they complain about how hard it is in the current environment, but it's taken them a decade or more to actually get round to drilling holes and de-risking the project.

    I follow them because I once had hopes but now I'm just curious to see for how long they can sustain this before shareholders actually hold them to account for what they have - or haven't delivered - with all the money they've taken.

    The Johns might have been somebody back in the day but the world has moved on. Time for them to move on too.
 
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