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7.14%

5.2¢ blue energy limited

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Kipper01

8,228 Posts.

674

04/10/18

09:15

Post #: 35988527
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Originally posted by Kipper01 ↑

Beardy, I think you're right. Whether we head back into the 6's again remains to be seen. (better, but doesn't matter that much). I've been adding bits still at 7 and even got a handful yesterday arvo at 7.2c. The good thing about this stock is when management eventually does a GSA on ATP-814P, they will almost certainly retain enough from the deal to resume drilling in other prospective tenements they have (already partially explored e.g. ATP-854) to prove up reserves and on-sell as per 814. And the shareholders won't be required for a CR. It's a stock that has excellent potential to keep on giving over coming years, in this environment.

Who knows when the first deal will get finally done, but the stock price at these levels looks very safe to be buying one would imagine. And if a deal is near term, we will have been very fortunate in the timing, this time around. Share price has dropped, but market forces only improve. It's a sleeping beauty

Kip

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… Just want to add …. The "lads" in Brisbane are working for us. Don't let "silence" lead you to believe otherwise ...

BUL Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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