BNL blue star helium limited

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Critical eye is good. Being wrong is bad. Your verbose post...

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01/05/21

13:16

Post #: 52867135
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Originally posted by Footmax: ↑

Ok I'll spell this out for you.

1) it won't be a "bundled application - they will be individual applications. Not even convinced they could put a bundled application in as they will be on different blocks of land.
2) It will take no longer to process 3 drilling applications that it will to process a single one. All the checks that need to be done will satisfy every permit - with the exception of verifying the individual leases. It is just more efficient - and time saving.
3) Time is the essence for BNL. They have a few million dollars in the bank but leases are still being paid presumably monthly. That burn rate is an enemy to any company that is not yet producing income.
4) Given that BNL got a false start with the original application submitted in July 2020, I would have thought that BNL would have been more mindful that getting the process restarted would make up for that lost time. When they submitted the original application, they only had plans for one drilling operation - hence the one application submitted. If they now are after 3 permits, then submit all three.

BNL did not supply any explanation why they submitted one application beyond saying they had a strategy. They did not explain what their strategy is and. logically, there can't be too many options there.

One option - and it is NOT sinister at all - is that they will wait for the permit to be granted (we all hope for that) - this should push the SP up. Then implement a CR to build up cash reserves. That could be a very clever one and I would not personally be against it. Anything that makes this company stronger should be acceptable to all of us. However, this is the only option that makes sense to me.

Seriously, if you are going to have a go at anyone who thinks about what is happening and making observations on what they see - denigrating them as 'bleaters' for example then maybe investing is not what those people should be attempting at all. Otherwise they are just gambling.

If some people can not accept or understand the above, so be it. The fault may lie with me not putting it in a way that makes sense - or it could be that people may not want to understand it. We all think in different ways don't we. At least we should all be digesting and trying to make some sense in what the company is doing. The old adage that we should not get attached to an investment asset always she come to the fore - and maybe there are some here who have been blinded by love. There is nothing wrong with casting a critical eye over your investments.

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Critical eye is good. Being wrong is bad. Your verbose post contains so many errors I can’t be bothered addressing them. There is no hold up. It won’t take four months.
it’s funny when some get territorial over a stock.

BNL Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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Last 0.5¢		Change -0.001(9.09%)		Mkt cap ! $13.47M

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