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1.2¢ bowen coking coal limited

Nice call @mornington imagine this did a PLS TYPE run circa...

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onthebutton

298 Posts.

14

09/08/19

14:28

Post #: 39942384
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Originally posted by mornington: ↑

I have been looking at a few Charts,it may be interesting to note that SMR was a 5 cent microcap 4 years ago.
To be honest I see more potential here in that BCB has a stronger starting base in its suite of assets.Money or the ability to raise funds should not be a problem in that MET coal is a hot sector and will remain so for some time.The withdrawal of Wealth Funds to sponsor exploration or development of Coal in general,[due to Green activist groups],should be viewed as a positive,in that it restricts the number of projects around the world that larger investors have the ability to take a position in.
With regard to short term price,6c is a certainty,10c would be a stretch.Having said that,larger investors with deeper pockets than mine,[and fully aware of macro-economic factors],make this a possibility.
The short term catalyst would be a Resource upgrade at Issac River.I am in this from a medium term prospective and as such I am not ramping.
Any trades around current levels should be regarded as a gift to the longer term investor.

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Nice call @mornington
imagine this did a PLS TYPE run circa 2015-2017. One can dream!

BCB Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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