This is a really tough market to impress, when you think about...

This is a really tough market to impress, when you think about today's news:

- it means that 40c was too low for ANZ to accept, so we don't have to worry about that anymore
- government corporations don't "punt" with $30m, so they must be confident. Furthermore, they have agreed to buy gas from BUL and pay for development (BUL only have to pay for proving preserves, which they have money to do), so again they must be confident
- government corporations don't take over public companies, so they have bought a blocking parcel, so we will all get full value out of this stock, rather than have someone launch a take-over at cheap prices

The bottom line is that anyone who has that much voting power has access to better info than the rest of us. Like it or not, that's how it works. Everything points to positive news on the way.

Like i've been saying for some time, I'm not selling for less than $2, and maybe for a lot more.