Ann: Blue Raises $10 million in strongly supported Placement, page-13

I've been selling out of this dog the past year for big losses after patiently holding for 10+ years. Put my last sell order in today.

The landbank strategy was always worth a shot. But didn't BUL already prove drilling wasn't achieving much? I always thought our reserves were solid? Didn't they spend $50M+ in drilling and accessors to confirm this? what do we need to check them again for, evaporation? shows you how much I know...

Good luck to all you holders, I still think gas has a big role to play in Aus's domestic energy, I hope for your sake this is just a requirement so they can rustle up some big deals in the next 2 years, otherwise I'm afraid they will burn through this cash like every other time.