bgf - strong buy, page-2

Just goes to show Presto what a difference a week makes!! Could not give it away early last week now you would not want to sell it. What changed in the week fundamentally - absolutely nothing....only sentiment which is a powerful force....

Spoke to broker at BGF and super bullish stock. As you said valuation has limited value for coking coal which BGF sees as game changer if they can confirm 700-800mt. They also feel good news to come on thermal coal over next two months so not just coking coal story. Stonebridge report also looks very positive on company.

Looks like this will move quickly back to 40-50c range with announcement expected late next week or the following based on mid-July comment.

Does make you feel better on green days but moves of last couple of weeks illustrates what a fickle business this is.......good luck to holders and hope santa delivers the goods in mid-July