BLO: Huinga 1 B

  1. 1,317 Posts.
    If Huinga 1B lives up to its early promises the biggest beneficiary will be BLO. Although already reasonably cashed up as a result of a cash injection from US investors and conversion of options in Feb, a good cash flow from success in NZ will help finance its ambitious drilling program through the rest of this year (NZ, China, USA, Tunisia, PNG) and significantly change the status of the company with analysts. BLO will be rerated over the next few months IMHO. Some good posts on Ozestock under BLO thread particularly from Spirit (eg 187) and Doddgey for those that want to do some research.
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