BUL 7.14% 5.2¢ blue energy limited

I kind of expected this selling pressure, as I mentioned - there...

  1. 347 Posts.
    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.
 
watchlist Created with Sketch. Add BUL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.