I think that the volume spike and the SP action two days ago was the reason for the trading halt.
BMB management does not like to use TH unless it's for a major announcement ie. announcement of a major acquisition etc.
Not that today's announcement was not significant. It was a very good and a very positive announcement and in my opinion those who are selling are the ones who were going to sell anyway.
If you recall two days ago there were quite few sell orders around the 10c level. They were pulled back as we went into the TH but they reappeared his morning.
As we are getting closer and closer to the final result of the Togo tender there will be some who will want to sell BEFORE the news just in case we don't get Togo. Nothing wrong with that as we will also start getting more and more buy orders from those who believe that we will win this tender.
The AGM is today and I'll be there as usual. I'll update you on what was said.
BMB Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
