There are some significant bids in at 20c and above. The 600,000 odd at 20c is effectively putting a floor under the price now.
The Chairman is in a position to know when the tide is turning. He could be taking advantage of his optimism or else he could be buying to help put the floor under the stock.
With the multiple facets of the companies products, it is bound to take off one day when the planets align. When it does, BFC should be able to deliver dividends straight away as there is no debt. Of course, it would be great to get the take off signal in advance. Chairman and Directors buying on market is about the strongest clue we could get, other than waiting for it to evolve and probably missing the boat.
However, there is nothing concrete and the obstacles to good profits seem to remain. I am not buying more yet but holding in hope that the recovery of value for my holding is not far off.
BFC Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held