Finally, we have arrived at the 15cent mark. The price at which Bligh will look to institutional/sophisticated investors to take up the final placement before the debt funding is issued.
This company will soon be on it's way to production.
i expect there will be a few big ticket announcements over the coming 6 months (resource upgrades, sales agreements, value adding etc)to keep the price ticking over and the market interested in the story whilst the plant is being built.
From there on it should be plant construction data and projections until production begins.
It's a bit of a boring story really. not much blue sky coal seam gas or uranium about this one.
still it should be a nice little earner once in production.
IDM Price at posting:
14.8¢ Sentiment: LT Buy Disclosure: Held
