Blackgold International should have a positive listing in mid...

Blackgold International should have a positive listing in mid Feb 2011 given the following positive points: -

a)With extreme weather problems we've had in Queensland (QLD consists of 50% of the eastern sea-borne coal trade), should push coal prices go even higher.

b)It was interesting to note that the IPO price set for BGG was $0.26 per shares (3.5x FY11) and this was before the flooding started.

c)There are quality names of Institutions and Brokers taking up the stock in which they couldnt get enough of the stock and I have heard they have scaled back institutions as it was oversubscribed.

d)There was a lot of interest from Asian Institutions who understand this stock.

e)I have heard that its the company intention to possible float on the Hong Kong stock exchange in the 6-12 months.

Should be an interesting listing on the ASX on 14 Feb 2011