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Bullabulling Share Offer Flops – Good: this company is a joke & is toast by August

Tom Winnifrith
Thursday 18 April 2013

Bullabulling (BGL) is the sort of disgrace of a mining junior that AIM could well do without. It is all too typical of the sort of Aussie junior that dual lists both in the land of high culture and over here.  It has today ‘fessed up that its open offer to shareholders has, despite some horrifically aggressive share promotion, flopped and this company should be toast before the end of the cricket season. Its shares have slumped by 11% to 3p after today’s debacle but that still capitalises this POS at £10.5 million. My target price is 0.1p by September.

on ShareProphets.com | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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