what an excellent day for BWN shareholders today with the heads up 20% and the options 44%, not really surprising though after the article in the Australian highlighting the ongoing coal exploration in the Bowen Basin where they are chasing the coal holy grail being hard coking coal, and also highlighting the speculation in regards a possible takeover.
with continued buying pressure all but wipping out the sell side by close, one would speculate buying was coming from the larger shareholders trying to obtain a bigger stake.
surprising that more here on HC are not on BWN given the fundamentals for coal at the momment.
keep an eye on the open tomorrow if more large buy orders appear it could be on for young and old.
BWN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
