easing upwards, page-2

Gary's been buying up.

That trust will now be in the top 20.

I might have to buy a few to keep up.

Back from the Maldives - great surf trip - so I'm 'off the board' Mufcreds.....

I can understand the frustrations with this stock but I think its a very different company from a year ago. There's now a professional board thats driving growth without bleeding too much cash out. Having got the continuous haulage going we'll be getting much higher revenue from what was a very expensive piece of idle capital equipment.

The next two quarters will prove this is a stable, growing business sitting on a very low multiple.

I believe in the medium term there will be a consolidation in the plethora of niche mining services / contracting businesses and BNT will be an obvious target or acquirer (once the banks see consistent margin growth).

BNT is a big part of my portfolio and I'm still buying on weakness.

Cheers,
Stu