Hi @bigchops. In all honesty I don’t think so. It’s generally a popular narrative on HC (negative trading being ascribed to insiders knowing/leaking etc) but it’s such a dangerous game for anybody to play with jailtime on the cards. My ‘Occam’s Razor’ working assumption would be that the last several quarterlies from BCB have disappointed so most in the market are probably very cautious leading into this next one. However the fact they haven’t tapped the market for capital again may mean some green shoots are starting to show and fingers crossed that’s the case for both shareholders and employees. But from memory almost every single quarterly has referenced logistics constraints so that’s unlikely to change quickly. Yes Grosvenor being offline may help but that event was too late in the quarter to be of any real help. Otherwise I agree with your other points - metcoal pricing has held up and weather has been kind.
BCB Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held
(20min delay)