bul is not getting much attention in the marke, page-9

There are certainly none until the 1 June. It actually serves people better to sell down there positions to place downward pressure on the sp so more shares can be obtained under the spp, if I didnt read the offering correctly - 5day VWAP before 1 June at a MAX price of 20 cents - implying a lower price if possible. You would have to be a pretty small investor to benefit from such a thing though. A sp of 15c would give you an additional 25,000 shares, but how many would you have to sell to get that extra 25k?

Beyond this they might have something else up there sleeve in terms of anticipated drill results, JV or asset sale; or maybe nothing at all? Sector news could be aa bit of an upper. Strong correlation between Blue short term price rise and sector news.

SF