i didnt think we would get to 14.50 immediately after announcement as i am convinced shorters are still manipulating this stock. but being an investor in BAL, i am very pleasantly surprised the bulls are beating the shorters (at least for the moment)
I dont think this will get to $20 barolobill by xmas , as i think without issuing numbers as guidance, the SP will bobble around until the next major update in Feb 2017. Again, I hope you are right and I am wrong.. I think I'm more pessimistic about SP in short term as i've seen the price spike and fall too many times this year
To me, BAL will deliver 70m+ in FY17 and 100m+ in FY18. At prices around $14 its still a screaming buy for those willing to go on the journey over next 1-2 years
BAL Price at posting:
$14.60 Sentiment: Buy Disclosure: Held