New environmental challenges in the Bowen Basin, limited to no capital available to get gas to market with QPM (the ongoing future of QPM is looking questionable itself), PCA licences denied in the Galilee Basin.
Gas is only becoming less and less socially/environmentally acceptable, combine this with no pipeline forthcoming for at least five years.
Management appear to be asleep at the wheel.
I sold out of BLU about a year ago, and have been monitoring for a cheap re-entry, but I suspect BLU is heading for delisting.
I don't see a cap raise succeeding with no meaningful progress in the last ten years, and a share price below 2c.
New environmental challenges in the Bowen Basin, limited to no...
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1.1¢ |
Change
0.002(22.2%) |
Mkt cap ! $20.36M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.1¢ | 0.9¢ | $29.57K | 3.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2890665 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 634395 | 3 |
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| BLU (ASX) Chart |