Lol, it’s still far from over, I expected Trading Halt to be extended when they first announced it.
You can’t change the weather but you can change the management team, the fact they decide to shut down their plant during the Adelaide heat wave for maintenance is an utter joke. I did not expect the revised downgrade to be so severe but imo they have escaped again by the deal with ORG.
The bank will give them more time, but will ensure they bleed BBP dry first.
Still holding my shares for now, the ORG announcement is positive and has just brought themselves probably another 2-3 months, still confidence a t/o will go through, but probably at a lower price.
P.S still accumulating if the price is right.
GL all
BBP Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
