At present the market interprets this in "Past tense":
John Ellice-Flint BSc (Hons) Harvard, AMP
Mr John Ellice-Flint is an Australian-born businessman whose foresight and wide-ranging oil and gas industry credentials are recognised
internationally. John has over 46 years of exploration, production, operations and commercial experience in the oil and gas industry and
has held many senior positions with multinational exploration and production companies. John’s achievements in the oil and gas industry
are well-known and highly respected.
Now BLU advises:
So far, it appears the Market largely considers after decades it's largely gone into a Black Hole!?
They appear to have quite a spread of potential future fossil fuel possibilities!? I expect Funds will be required!?:
"Access to capital and liquidity
Blue Energy’s business and, in particular its exploration and development activities, relies on access to equity financing. The ability
to secure financing, or financing on acceptable terms, may be adversely affected by volatility in the financial markets. These effects
may be global or affecting a particular geographic region, industry or economic sector."
A major focus of Blue Energy’s Board and management is on ongoing cash flow forecasting and management of cash flows to
ensure that the Group has sufficient funds to cover its planned activities and any ongoing obligations."
Can BLU action:
A major focus of Blue Energy’s Board and management is on ongoing cash flow forecasting and management of cash flows to ensure that the Group has sufficient funds to cover its planned activities and any ongoing obligations.
WITHOUT further Shareholder dilution? Presume NO! So, considering BLU are into "Cashflow Forecasting"! I'd expect other forecasting to be part of the process - have BLU some projected "timelines" & projected "avenues" beyond Non-binding MOU's where some of funds sunk into the business start to be recovered?
What might the catalyst be to progressively unlock all this accumulated presumedly Sweat & perhaps Tears & likely Bloody Hard work to get this business on the MAP?
Can BLU secure funds for part or parts of their prospective tenements which may compliment Shareholders value, not continue the continuous dilutions!?
