I also spoke with JP today, stressed a lot of views that have been posted here in conjunction with my own. He had some interesting insights and feels the market is not looking to the small end of town whilst the instos are currently only interested in cap raisings to make a quick clip. I did ask how long the current cash pile would last as a lot of us were not prepared to stump up yet again, he stated that the cash would last for quite some time given the ongoing cost cutting exercises.
Cheers,
Kosy
BUL Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
