Agree. We have closed above the 21 day moving average for the last 6 trading days and on good volume with momentum building since mid March. If the "BOTs" will stop playing games it looks like we may have a break-out.
Also management is delivering on the sell of assets.
Also tomorrow we start Q4 FY09.
From the BBP 2009 Interim Result and Investor Presentation 27 Feb 2009 :
• At this stage we do not envisage an outcome which can be presented to security holders beforeQ4 FY09. • General economic conditions are highly challenging with potential to impact bidders. • Alternative options are being considered including longer term work through. • Management review of business forecasts has reaffirmed expected growth in cash and earnings post FY10, which will assist the sale process and alternatives//
All looks good ATM. Time will tell...
Happy to buy and hold for the "Up-side".
EODYOR&DD
Cheers, Brantley
BBP Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held