Ann: BCT signs three-year A$15.9M supply deal with Labcon, page-78

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rolf2903

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06/09/18

16:49

Post #: 35451711
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Originally posted by Soothsayer ↑

I dont disagree... but have a look at the chart, it is a well orchestrated play... obviously after the announcement there were a few days of profit gains... just prior to the announcement of the CR the SP was pumped back to hit 7's... you can see this clearly... even the course of trades shows the attempt to hold the SP up with small buys... the buy side is not as strong as one would hope for IMO considering the potential here... and again the timing all seems perfect considering bank balance and the need of a CR... hopefully you guys wont cop a heap of dilution.

Not saying the future here isn't going to be bright and show growth... but as mentioned Im just a little dubious for the time being... a few of these indicators in the last week show me the game play at hand... time will tell... Im watching and seeing how this pans out, if revenue is locked in and more contracts come to play in the short term I will be happy to start loading up... wont even mind if its at a higher price, would rather the reassurance that revenue is increasing. that is all Im saying...
Have a look at the last weeks action on the chart, check out the small buys in the course of trades... notice the thin buy side... any way... let time and the market do the talking... hopefully my initial instinct here is far of track..

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This company probably could have survived another 6 months without raising if they needed to. And almost all companies will take the opportunity to raise capital on the back of good news if they will need cash in the next 6-12 months. Your comments are making it seem like they pulled out an announcement with $1 left in the bank.

BCT Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
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Ann: BCT signs three-year A$15.9M supply deal with Labcon, page-78

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