Yes, my assumption is also that this price rally is driven by a business update about to be released. This update would include new forecasts, obviously (much) higher than the previous ones, on the back of the mining sector going great guns and exploration happening all over the place.
Looking at the pace of this rally, that should happen any day any minute.
Clearly there is an expectation that this update will be impressive, which is reflected in current price, and as always, the $10m question is whether or not this update will beat market expectations.
BLY Price at posting:
$4.30 Sentiment: Buy Disclosure: Held
