BUL (ASX) BUL

Originally posted by Kipper01 ↑

Paddie,

Management has stated what they are aiming to and working on achieving - a GSA. This is complex stuff involving communications with many parties, at high levels. What holders are losing is probably more appropriately described as patience, rather than faith. The point is - and it has been mentioned on this thread a number of times, management cannot discuss with shareholders (or anyone else) or report details of discussions or negotiations they may be having with interested parties, other than to say they are having them (which they have said). This is what Confidentiality Agreements require... It's very simple: yet evidently continually ignored by posters here who insist on berating management for "not doing anything". To put it bluntly, these accusations are unfair and frankly, crap.

The fact is posters don't know what management is doing to try and achieve a GSA (because they can't tell us) so what gives them the right to mouth off and judge. Understanding the process will be much more useful to shareholders, than ranting.

Having said this, I understand the frustration of the waiting involved. But to be a little empathetic, how do you think management feels? I am sure they would love to communicate updates and any progressive good news to us all because they know we would love to hear it, but they simply can't. They too are therefore very frustrated for those different reasons.

So that's my answer in a nutshell. "Patience" is what is required here, not "faith" …. IMO. Remember, shareholders are able to communicate with the company themselves, directly, if they wish to …

Kip

Expand

Hi Kip,
I know all about confidentiality agreements after having been through one recently myself.
Last year BUL's goals were to get a GSA before the end of 2017 and if you remenmber you were counting this expectation down on a daily basis during December to no avail.
As I have pointed out before, they have been talking about a GSA since 2016 and what have we got? I feel for holders who have brought in a lot higher and now see the share price in the 6c range. We have watched our share price go from around 20c to low 6's unacceptable IMO. All holders I am sure would love for BUL to get an agreement but 2 years and nothing?
We have watched our share price decline from around 20c late last year to the early 6's and with nothing to say that this is going to be turned around any time soon. You keep talkng about patience but if in July 2019 BUL is in the same situation and they are using the same speak in their quarterlies what will you be saying.
I was enthusiastic as anyone some months ago but that has changed. There are times when you have to put a line in the sand.