We know it's trust issues and a pending cash grab by management. It's the mode of operations.
Until sales contracts show locked in sales, the price is going to stay at levels that those that want to issue paper get thier fill.
These last flurry of reports of gas flows shows they blew that almost 24months, 7+m, 50% of any sales from these holes. The numbers still don't show payback on any investment for years. As pointed out they are at around 50m chewed through of shareholders cap. Only smart one was that director who sold out and left the building during covid days and the small brokerage firm that was spruiking them during that time as well. I am wondering how that relationship is with a management now?
Free flowing gas in pipe and pen to sales contracts is the boosts the market needs.. Then begins the wash out of old hands that wished they never listened to promises not keeped..
BNL Price at posting:
0.7¢ Sentiment: None Disclosure: Held
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