director buying 2

Second time round without the profanity

Not alot to talk about of late, thanks to the Krudd wanting to place exhorbitant taxes on the miners. I had to laugh when Ken Henry said eventually all industries would have to have a super tax implimented, and the government couldn't come out with a statement quick enough to deny they had plans to do this!
One of our directors buying shares at the current levels as per yesterdays announcement does provide some comfort of the optimistic view within the company. The farm in agreement with Kogas is due soon, and wouldn't suprise me that a statement is issued showing Kogas's interest in the farm in rights, but an agreement is not possible until the full outcome of the RSPT is known.
With the change in attitude relating to deep sea offshaw drilling and indications of depleting supplies coming out of indonesia/Malaysia,longterm success of companies like bul is assured.
Just my thoughts as a long term holder.