Im confident it will hit $20 or more depending how much euphoric buys wilk be (eg a2m was an example of euphoric buys beyond $1.7) and will retrace to trade around $17-$18. Then hit $20 again and trade that level once fontera production announcement of start production (announcement probably be around may-june). 2nd half 2016 announcement will be a big one as it will reflect fully the recent 30% price increase on 26th nov 2015.
What i see from bal supply issue will be resolved. But will be an issue again when 2nd chinese child arrive in 2017. A critical factor is bal has been interacting with its aussie customers where they can order directly online.
So hold on to your shares tight or acquire more when shorters are in town. Bargain shares are definitely on the card. Greed when other fear and fear when other greed. Im sure warren buffet said that for a reason. Its time to greed now.
BAL Price at posting:
$12.86 Sentiment: Buy Disclosure: Held
