Yesterday I received an unsolicited offer for all my shares at 13c - I declined for the obvious reason. The main analyst covering BCB recently increased his SP target from 15c to 30c. Many assumptions, not the least that coking coal prices will remain elevated etc. BUT, for the time being, I going to let my profits run, and keep cutting my losses. I recently sold out of SAU at an average 7c .... now that money has doubled. All the other stocks in my portfolio have upside, the only variable being the speed of ascent ... this is especially so with gold stocks, which will be stuck in the slow lane till the POG recovers. BCB is a classic example of how important it is to have a good jockey as well as a good horse .... in a bull market.
BCB Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
