Very good post kiril. I too believe the buying the previous week was DBCT related and had nothing to do with propping up the price because of the SPARCS vote. What has changed in a week? Two things. 1. PD Ports will not sell with this Corus situation in limbo. 2. SPARCS vote potentially causes circa 10% dilution.
The first event on Monday reversed the bullish sentiment of the prior week. The SPARCS vote on Friday also affected sentiment and that's why we got the sell off on Friday. A sale of DBCT will change sentiment in a twinkling yet again and buyers will be scrambling to get stock. Without the DBCT sale to look forward to, you are right. The stock would be 3c, maybe lower.
I am still interested to hear from dargie what management said about the possibility of selling the 26% stake in NGPL.
BBI Price at posting:
9.1¢ Sentiment: LT Buy Disclosure: Not Held
