BNL 20.0% 0.4¢ blue star helium limited

Ann: Update on Bolling 4 Evaluation, page-77

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  1. 2,813 Posts.
    lightbulb Created with Sketch. 600
    Mind you such low volume hardly worth taking it into consideration.
    Wrong.
    Weakness in the share price today( to a 4 year low ) must prompt every would-be investor to ask : Why?
    At current prices a capital raising - to support additional development wells- will now have to be at a steep discount : think 0.6 cents.
    And that is if a broker and their clients are willing to look past the numerous failed promises of helium production. Expect a few superfluous directors to be invited to go: think the lawyer Ross Warner.
    To keep their jobs the smartest thing that the directors can do is to find a JV partner (and operator) to fund the next few wells into Pegasus.


 
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