BNL blue star helium limited

The only thing that the management team can be leaning on is...

  1. 133 Posts.
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    The only thing that the management team can be leaning on is that all their pretty pictures suggest drilling in Q3 which does leave September for them to make the announcement but then they also do have other comments saying it was supposed to occur in August.

    How they keep talking about production in Q4 does have me curious whether they know something we don't, or they are just completely incompetent and trying to sprook this all and taking a massive punt the flow rates will be good. Would starting drilling warrant an announcement? Maybe....would flow test results warrant one? Yes, that would be a trading halt I would imagine.

    You cannot be going on about Q4 production knowing there is a delay in drilling which would affect that, this would be misleading to shareholders. You could get away with drilling without an announcement then announce on results....this though is poor form from management.

    Lucky they don't have cashflow pressure right now...they would be scrambling to do a CR with a bunch of pissed off shareholders...fine line between making this all work and destroying a company... hoping management pulls it off and we all look like inpatient shareholders who complained bit early....trust in management is lacking hugely at the moment though.
 
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