plenty of reasons to sell in an illiquid and downtrending market.
not alot of reasons to buy.
either there were a handful of techies jumping on today for a technical buy signal, or else we are closing in on a company making announcement.
lignite certainly got a facelift with yesterdays announcement by ESI
plus the fact that DSF international pulled out of a move to duplicate Blackhams project nearby means that we will now have a bit of a monopoly on CTL in WA
i think if the super tax wasn't hanging over our heads, we probably would've had confirmation already on a deal.
hopefully todays buying is indication that the profit margins still look good
BLK Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
