I have been giving this a little thought of late. I believe ,...

I have been giving this a little thought of late. I believe , the proposed carbon tax, high Aussie dollar, and china's uncontrollable inflation rate, has an extremely detrimental effect on the value of an Australian run steel mill. The Chinese have a strong arm at the moment ie, cheaper labour costs , as well as cheaper construction and maintenance costs if they are to build a new steel mill... And if they have the ore facilities , this is a bonus as well.
While I do see the recent placements as a potential strong point, the longer it takes to complete the balance of placement, the more nervous i become...and the more reluctant i am to continue looking for positives,..

boulder steel is a company that has had an extremely positive opportunity to create a cash positive company... (putting aside other minor project, contracts)
Hence the current share price.........
If we don't see some positive news within 3 or 4 weeks, we will see new lows....
We will test the 8.1 lows,

and if they are pressed,..
Without fundamental news, we could test all time lows...


That being said I can't see bgd laying all these placements and then burning all the investors...

I guess what I am trying to say is , there could be hard times ahead.

Or maybe another timeframe delay...
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The rewards stay the same, if it all comes off.

Just to put it all out there I will go with a jv of 10% or better and a sp of of 25c - 35c with an eis on the way.
On the other hand if no real news within a month...... Sub 8c....
My thoughts entirely , with the the help of a few charts...