An interesting situation may be brewing with Boab Metals with a sudden increase in buyer interest possibly an early indicator. Last week Boab Metals put up their new website http://www.boabmetals.com which was obviously timed to coincide with the Boab Metals Ord Valley Muster (they are the naming rights sponsor) which commenced on Friday May 19 with the main event on Saturday and the festival runs until May 27.
Boab’s sponsorship of the iconic event underlines the Company’s commitment to the town of Kununurra and the broader Kimberley community and the recent buying interest might be from participants at the festival ?
Boab have a lot of significant news flow due to drop between now and FID expected in Q3 which likely includes a decision by NAIF on funding and the putting up of a new website along with a new video explaining the project to coincide with the Ord Valley Muster which is the big yearly event in the East Kimberley might be the sign the company is finally about to get serious with promotion of the company to potential investors in the lead up to the FID.
Interesting times and this company is one of the few on the ASX that have significant exposure to Silver which will be a major beneficiary of the coming boom in Electric Vehicles and Solar Panels for electricity !
BML Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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