I think the sell off is the EFY tax sellers. There is no point in making announcements until July as people will still sell for tax purposes and get back in after the EFY. Best to wait and then make the announcements when there is no tax benefit to sell. The fundamentals are still there for BLU and there is so much potential upside. There is potential cash flow with an agreement with QPM, commercial flow rates, upgrade in reserves, Qld Government release of their report and the big one is the pipeline which is definitely needed to bring the gas to SE Qld.
4 more business days until the EFY is over. Cant wait
BLU Blu SKY were the limit, page-12
Add BLU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $18.50M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $6.203K | 593.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1782505 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1600006 | 3 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BLU (ASX) Chart |