Responding to your post regarding MCC. I think this is highly more of a feasible scenario then the ABS agreemnt. Not that I don't think it could happen. But if I had the two to chose from, I would go with the Chinese, as I was playing the chinese advantage from the very first purchase of BGD, via Australia. The problem with the ABS situation, unless of course action had been taken before now, say as late as December, is that prior to Boulder signing the MOU, the Saudi's were looking to do this rail project for several years already, with different suitors, and nothing had panned out. I had chalked it up to they had more money, then there fore more abilitity to make this project happen, but soon after the world economic crisis hit, and we all knew what happened. Then Boulder, with they relatively affordable cheapness, and positioning, seemed quite attractive. But for me, if there has been any work done on this since the announcment, it's been all Boulder. I personally won't invest in China directly because I don't understand the fundamentals of what makes their markets move, and Australia, with all it's wealths, seems like a smart safe play. I am just hoping that MCC will move much faster to make things happen, from their end, to get this going. I can hold this stock even longer. But I am trying to determine a good time to get in, double. From what I saw about posts, on the basic side, the EIS can take a long time. But, where they want to build is an area already zoned as industrial. So, want the hold up to become the next step. What makes it happen?
BGD Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held