Fakey, if you are in this for the long term (which I know you are), you probably need to stop looking at the share price so often. This is a long term play. And with the delay in the BCP by about a year, it has now pushed out the original timeline even longer. For this reason, do not underestimate the importance of the Norton Project. This project will get us cash flow positive and carry us over until the coal projects come along. This will mean no need for CR's and therefore less dilution.
It was interesting to see that 15 of the Top 20 Shareholders have all increased their holdings over the last month with all Directors increasing theirs. Of the Top 40 only one shareholder has sold over the last month. Others have dropped out due to new holders increasing their holdings. This is a fairly bullish indication by the Directors and Shareholders of the Company's potential.
I also found it interesting that in IK's letter to Moonoomoo, that he believes that it is the Vic Govt holding up the process and not so much the Feds. I would have thought with an election just around the corner, they would have extracted the digit and promoted the BCP for their political lives. Maybe we might hear some news fairly soon on the BCP or are they really that incompetent........
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