As they say,the Chinese 'eat an elephant slowly'-ergo the 100,000 sell parcels in the last few months.The Chinese are masters of keeping the SP down while they quietly established their control of the enterprise;a thing of beauty,unless you are a long-suffering Boulder holder! What investors would like to know is what exactly the ABS did get done in the last year and why they did not go ahead.I guess we'll have to work it out ourselves. Sinopec has taken an interest in the Gladstone LNG project.More Chinese investment in the Gladstone precinct would be encouraging. Despite the short-medium term problems with the SP,the Chinese/ABS sychronicity could be amazing for long-term holders:the realistic prospect of additional projects.I believe the future is brighter now,but the SP will take some time before it reflects this.
Cheers All
BGD Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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