RE: BIG News, not a squeak on the is BB tho.14 Mar 2024 11:17
Like many of you - i have held BLVN for over 15 years and watched the inexorable slide from promising exploration company to dormant holding company waiting for FID to happen. Todays RNS is not really a surprise - they have to raise cash somehow to keep the lights on while we wait. Like you KAT - I am torn as to whether to bother to take up the rights. For me it is a binary gamble - the company will either fold as FID will never happen or it will kick on (either because FID gets approved or someone decides that it is worth buying it out and developing the resource). So putting more money in is a 50/50 gamble and the RNS makes it no easier to decide which way it will go. On balance I think I will take up a portion of my rights on the hope that at some stage in the future that will be seen as a good decision -but it is not based on logic or insight but rather on the desperate desire to finally get something out of this pup after 15 years of pain!!!