The fundamentals are there like@Gasglut mentioned. . For those...

The fundamentals are there like@Gasglut mentioned. .
For those downing Blu's management and wondering why we shouldn't have CR'ed earlier. . In 2019 there was only $5.35 M cash on hand and they needed to do PLA's, PCA's and ATP's with the QLD government. Although they have large reserves of 4,200 PJ +, we would have completely drained our working capital by extending leasing agreements and filing the applications alone.
Hence, the capital raise this year was inevitable.
Furthermore, for those long-term holders that remember, we have a non-binding MOU with Queensland Pacific Metals to facilitate the delivery of a portion of Blue Energy's North Bowen Basin gas resources.
There's a lot of outgoings that we investors need to take account of, and just sitting on the sidelines without factoring these in can get quite mislead when just looking at it from face value.
We have incredible potential because we are situated with great proven long-term 30 year reserves, close to existing pipelines and we have basins (Monslatt Block PL1036) which are located in very close proximity to the high voltage transmission line linking Gladstone and Townsville.
Been through the highs and lows of blue, and from my analysis, we are literally in the pipelines of going big.

2022 is going to be good for us Blu holders.

GLTA!