Well I'm working on this theory. JEF stake is 10%. There is a belief out there that he is a guru in the gas industry. Commercial flows or not JEF put up $1m of his own hard earned to snare this stake. Cannot believe he would do so without some insight as to the outcome for BUL. So now that he has the 10% what does he do with it. Extremely unlikely any or all of the 10% could be sold on the open market so a deal of some sort has to be achieved if he is to reap the rewards. Currently sitting on $10m gain but unlike most, if not all of us punters, unable, even if he wanted, to sell up. In other words he is snookered unless deals are done. I'm not a technical or industry expert but like to think I can work out where opportunities exist. Day after day over here in Aotearoa every time you tune into Sky News the energy crisis is front and centre and nothing is being done. We are in a good place.
BUL Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
