D12, I haven't see a bot (computer) working on BMB since the consolidation. I think the lack of volume and lack of liquidity in the market for BMB shares makes that sort of trading a bit difficult these days.
asterisk, I agree with your observations, but IMO the excursion below the mid seven cent range could have been attributed to the Rights Issue and EOFY tax loss selling, given that the dip occurred in the last week of June 2013, the week that the Rights Issue closed and the last day of the 2012-2013 FY.
Agree we still need a catalyst to break us out of that range. The market is still giving us nothing for NR, one year after the acquisition was announced.... I guess this is fair enough though, since we only actually firmed up 23mt in the JORC, and IMO 23mt of coking coal some 700m underground is sub-economic.
Just saw the Trading Halt, .... looks like there is more of the BMB story to come!
More time required.
BMB Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
