Hi all... thought I'd start a new thread under this heading, so that anyone checking the BAL posts could easily spot this info.
I'm reposting info that I had posted at 10:00 under a different thread.
Bellamy's management have replied to an email I sent them last night.
They've advised the issue is not relevant to them, and if it was they would have updated the market before the media had picked it up. They further advised that the Board and Leadership Team are across it.
IMO, this is a storm in a tea cup, and I agree with @PatienceToWin, this seems like a buying opportunity (but this isn't intended as advice, just sharing my information and thoughts!).
Yesterday's trading was relatively small trading volume considering the rapid drop in the share price, so hopefully the bounce will be pretty rapid, and those that sold yesterday will be quick to jump back in?!?
IMO - BAL still has a great future and the new management are continuing to demonstrate they are the right people for the job.
BAL Price at posting:
$10.51 Sentiment: Buy Disclosure: Held
