BUL 7.14% 5.2¢ blue energy limited

coal seam gas takeover target, page-6

  1. 86 Posts.
    Credit,
    ANZ will not be feeding this stock out on the market. It is too significant a stake in the company. ANZ have already said that they are providing for $50m loss against there Primebroker loans. Therefore ANZ will be eyeing BUL (and perhap a couple of others) off as a stock that could potentially help to minimise that loss. There are many suiters for such a significant stake in a company with unparalleled tenement holdings in a burgeoning industry.

    My feeling is that this event will benefit the minor Shareholders of BUL in the medium term.


 
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Currently unlisted public company.

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