BNL 25.0% 0.6¢ blue star helium limited

I'm missing something, we had $3m + in cash as at 30/6/21,...

  1. 149 Posts.
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    I'm missing something, we had $3m + in cash as at 30/6/21, enough to see us through to the end of the year including drilling, why would you have a capital raise now when there's gas in the water wells and the odds of hitting helium in our first drill hole seem to be reasonably good?

    We probably wont have enough cash to make it to June 2022, but providing permits come through it looks like theres enough cash to drill more than 1 hole.

    I look forward to hearing why I am wrong.
 
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