It sure looks to me as though a large shareholder is selling out. It would be very easy for the company to look at the share register and let us know what is happening. Either that or the seller should lodge an announcement as to their sales.
Then the ASX could ask for an explanation as to the share price fall from 5 cents to 3.1 cents.
Personally I can't help wondering if ANZ is finally getting out.
On the positive side, the selling will stop and a the return to over 5 cents should be quick.
Hang in there guys. This is a buying opportunity.
BUL Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held