latest positive talk coming from baillieu...all things continue pointing north...and really is a look away stock...
"Post the share placement at $0.25, the shares have held above the $0.30 mark and closed last night at $0.32 in a weak market.... Provided that shareholders approve the share placement at a meeting in August, the company will be cashed up from the recent options expiry and share placement. Given their large portfolio of domestic assets (the Glauster Basin being the current jewell in their crown) and international assets in China, America and now South Africa (where exploration has just begun), the company is well position to take full advantage of a tight CBM market. Although the shares have been strong over the past several months, the sector will remain positive over the coming years"....
Although the stock remains speculative, the company continues to move in the right direction and is supported by a strong management / technical team which is largely ex-BHP.....
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
