I kind of expected this selling pressure, as I mentioned - there were definitely some disgruntled holders at the AGM. Looks to be someone offloading in about 200-250k share parcels - about 6 times today and a few times in the last couple of days.
I personally feel it is a little short-sighted given the current drill program, particularly being one of the first companies into the Galilee Basin, which could be anything - and 813 described previously as the "company maker".
Not the time I'd choose to sell - maybe some are crystallising losses (though it's early in the year) but everybody has their own reasons and timings with their investment strategy. I just wouldn't like to have to try and chase this should the results come in from 813 and/or 814 so I think it's risky if you're exiting with a view to re-entering later.
BUL Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held