BNL blue star helium limited

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Whole year wasted? Hard to believe.If you hold, say, 500k shares...

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09/03/21

18:20

Post #: 51637560
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Originally posted by TheInvestor2: ↑

On 28 July, BNL announced to the market that it would take 4 months or so to obtain a drilling permit for Enterprise. 9 Months later, management have yet to submit a drilling permit application.

I appreciate that their were changes in the rules that came into operation in January 2021. However, they should have finalised and received their permit prior to January 2021. The rule changes were 2 months after they should have received the permit.

As other posters have indicated, every day that passes costs money having to pay for the ongoing lease arrangements. Secondly, as oil and gas price have increased recently, the availability of drilling rigs will drop and the cost will go up.

At this stage no indication from management that 1) the permit has been lodged ; and 2) how long it is likely for the permit to be approved. I have no reason to believe that the revised permit application will take less than 4 months to be processed. That is likely to BNL to early July 2021.

We need an update from BNL of what is happening, as it appears that a whole year has been wasted!

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Whole year wasted? Hard to believe.

If you hold, say, 500k shares then you picked up a $1500 paper profit today, $2000 if you actually sold at the right point.

Here's the whole year from the handy little tool at the top of this page ...

Possibly you could share with us your average buy-in price so we can all judge exactly how wasted you think your whole year has been ...

... or just put an 'X' on the chart to indicate when you bought if that's easier for you.

BNL Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change -0.001(9.09%)		Mkt cap ! $13.47M

Open	High	Low	Value	Volume
0.5¢	0.6¢	0.5¢	$45.15K	9.007M

Buyers (Bids)

No.	Vol.	Price($)
2	514861	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	3604481	9

View Market Depth

No.	Vol.	Price($)
2	514861	0.005
28	23151160	0.004
9	15476669	0.003
6	20032500	0.002
5	29805000	0.001

Price($)	Vol.	No.
0.006	3604481	9
0.007	6906658	15
0.008	12112729	27
0.009	4080033	12
0.010	3618005	6

Last trade - 15.25pm 27/06/2025 (20 minute delay)

BNL (ASX) Chart

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