""There has been no current 'news' to drive the last week or so up. It's been totally technical... the report came out (news I suppose).""
I would suggest that there have been reasons for the recent rise.
Steve Copulos recently stepped down from the board and has been buying more stock in recent times. I know of Steve. He comes from Shepparton and is a very very wealthy individual. Last week one of the directors namely John De Vries did a presentation up in Shepparton to a group of wealthy individuals who obviously liked what they heard and have no doubt have been buying recently. The report that was issued recently suggesting a share price of between 16c and 40c would no doubt have also increased buying in the stock. Having stepped off the board Steve can now buy stock at his want. He is not restricted like he once was when he was a director. I am lead to believe he will continue to buy more stock.
You may have noticed today when the stock price was pushed back to 7.2c suddenly one million shares came on to buy at 7.3c. It sat there for a while and then pulled back to 7.2c . One might have a guess as to who that might be.
I know some of those people who attended the meeting in Shepparton recently and they walked away feeling very confident . The BKT story has taken a while to come together but it looks like the wait could be worthwhile. The ducks are slowly lining up for this story .
Cheers.
BKT Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
