BNL blue star helium limited

9.09%

0.5¢

Very well said mate thanks for your professional input on the...

First 66 Last

Share
Profile

Follow
Jazzaborg

570 Posts.

69

18/05/21

21:23

Post #: 53261341
Share

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.

Expand

Very well said mate thanks for your professional input on the companies happenings. I alike many others look forward to the next 12 months

BNL Price at posting: 3.4¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

First 66 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.5¢		Change -0.001(9.09%)		Mkt cap ! $13.47M

Open	High	Low	Value	Volume
0.5¢	0.6¢	0.5¢	$45.15K	9.007M

Buyers (Bids)

No.	Vol.	Price($)
2	514861	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	3604481	9

View Market Depth

No.	Vol.	Price($)
2	514861	0.005
28	23151160	0.004
9	15476669	0.003
6	20032500	0.002
5	29805000	0.001

Price($)	Vol.	No.
0.006	3604481	9
0.007	6906658	15
0.008	12112729	27
0.009	4080033	12
0.010	3618005	6

Last trade - 15.25pm 27/06/2025 (20 minute delay)

BNL (ASX) Chart

Very well said mate thanks for your professional input on the...

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Monash IVF shares cater 25% – Disaster or deep-value play?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Very well said mate thanks for your professional input on the...

Top Stories

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Monash IVF shares cater 25% – Disaster or deep-value play?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News