BCC: Okay guys and girls. I just spoke to a director and...

BCC: Okay guys and girls. I just spoke to a director and Macquarie got allocated the 14.6m shares last night. They are selling today not because they don't like the story but because that division does not typically hold equity investments. Anyway there are 3.8m more to be issued but that wont happen until mid November and that can get swallowed in an instant by the market.

Anyway the broker acting on Macquarie's behalf is looking to cross some bigger lines to his clients today. Therefore it is highly likely that the entire 14.6m will be cleared today or at the latest tomorrow. Then the brakes will be released and you'll see the price rise imo.

So if you want a decent position in BCC in the 5's your time is running out.

Good luck to all holders.