When I held PES initially I had to contend with fluctuations like this, even after great announcements sometimes.
In the end though, regardless of the experts opinions, If a small cap proves up enough commercial resource that can be bought to the market, the real value that other larger companies see will not be dismissed by those companies.
Sometime, market depending, it takes a while for this to happen, I think some certification on 813 & 814 will make a big difference within 6 months.
Particularly if the Koburra trough does run through ATP 813 and the Aramac coals are indeed thicker and as gassy as the Betts creek.
At this level I will buy back into BUL soon. The commercialization, LNG wise, may take some time though, this could hold the share price back for a while.
BUL Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Not Held
