sp ready to blow up

The market depth shows that the SP will break out any time soon. Hopefully it happens today. When it breaks out, it could possible rise by 10 cents.

BLY is closely held. Approx 95% of the company is held by financial institutions and banks. See shareholdings displayed on comsec. The market cap of 500 million. If there is a 1 for 1 pro rata share issue at only a 10% discount to current SP, there would be no dilution and the company would get 450 million to repay debts, which will be halved and the company's gearing will look good. For the big financial instutions on the shareholders register, 500 million is not much. And the company is generation good cash flows. When the results are out, the 2009 fin year results will be irrelevant. The commentary on future growth and profits will be more relevant.

Good luck. The price will almost certainly double when the results are out. This is currently the beast company to make heaps of money if you are prepared to take risks. All other companies have had their 200% to 400% run (AIO, BKN, ALS, MRE, KZL, etc).