BNL 12.5% 0.7¢ blue star helium limited

while I'll continue to monitor the company, every...

  1. 698 Posts.
    lightbulb Created with Sketch. 115
    while I'll continue to monitor the company, every shareholder should feel aggrieved of how this company is being mismanaged. it's a wonder how the asx hasn't called them out in their numerous announcement talking about revenues and production when they hadn't even cleared the hurdle of ensuring there is enough gas flow to support that.

    they purposefully delayed the drill saying it was to allow for a larger hole (that turned up zip) and they've talked of all these offset wells that so far is 2-0. now in the middle of February, with what looks like no commercial flow, and from what I can see no additional drills to be done, it's hard to see them doing more for the rest of the quarter so this will be interesting if in the next announcements they drop the entire line that there will be production.

    I've said it many a time but management needs to get the sack because they haven't acted in a way that is in the interest of shareholders who have footed the bill.
 
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