BNL 10.0% 0.9¢ blue star helium limited

Ann: Annual Report to shareholders, page-14

  1. 3,990 Posts.
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    not going to work footmax they need more cash and at this sp that equity ave closed without severe dilution and then consolidation
    realistically another $10 mill i think
    so returns on original investment mostly wiped out now holders not going to get a feasible return unless they stump up in large again
    not enough skin in the game by directors means theyve mostly ducked all the damage by voyager
    thats why the sp is well under a a cent and heading slowly south as that sinks in
    not good
    you have to consider past innvestment here lost and funding an equivalent high spec explorer anew
    why ?
    because despite all great indicators voyager was a big dud loss
    optimists can fund another go but most serious risk tolerant investors have left the building
    i hold a lot sadly and have written them off not coming back for a phoenix event by dec x down plus
 
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