BCB 0.00% 1.2¢ bowen coking coal limited

Ann: Change of Director's Interest Notice x 2, page-16

  1. 3,496 Posts.
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    @floki, @Kiwiboy00, @Stonemad101, @lumpsum, @MH91, @grubarura, and a longshot if your interested here mate @Bitcoinkid

    This came up on my radar today, there’s a lot of potential here.. we all know what’s happening with argy bargy geopolitcal issues but that may be short lived.. The ground being drilled here is in a very favourable area..

    Plus directors buying on market and executing options, although about to expire but that’s a fair bit of dough to inject into the coffers.. pretty lean capital structure comparatively, recent raise and cash in the bank..

    I also followed stanmore for some time, whilst leaning the trade.. The non executive director who converted knows a thing or two about building value and forging international relationships.. I trust him being on the board..

    The sumitomo jv I feel derisks some of those geopolitical issues to an extent..

    The TA is a bit poor though at the moment, downtrend started in mid November but too be expected.. it’s probably been a little bit unfair on the share price really, but I think you’ll see a supported reversal of the trend in about 5-6 weeks..

    I’m not 100% sure if we’ve seen the bottom here yet.. but I’d say it’s close..

    I’ll be looking for an entry shortly and holding a little longer term I think..

 
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