There has been a recent rally in boc shares recently. I am guessing this is people getting itchy fingers about not missing out on getting some of this tightly held stock before final election results are in. All indications are that it will be an O'Neill Namah government returned and if this happens the smart money is on negotiations moving more rapidly and mobilising on the panguna mine issue. I noted buying up to 78c a couple of days ago. In those purchases there was no thought of trying to wait for the shares to meet their bid. They were buyers meeting the seller at higher prices. This is an indication that a few people are now wanting to make a move and grab what they can. There are not many around. Short selling may continue but I don't think that will stop a sharp rise in sp if O'Neill/Namah are re elected and a stable government is formed. A rainbow is now forming through the mist and I think at the end of it lies a huge pot of gold for the lucky few that have remeined patient or that have had the foresight to snap up what they can now, even though there are not many left.
BOC Price at posting:
68.0¢ Sentiment: LT Buy Disclosure: Held
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