Intriguing - a stock rises by more than 40% in two weeks and...

Intriguing - a stock rises by more than 40% in two weeks and apart from some stalwarts who have followed it for some time, it remains off the radar to most.

IMO, we are seeing the start of a re-rating for BOL which has positioned itself very well to capture both the ongoing uptick in mining activities but more importantly, the massive increase in infrastructure investment on the East Coast. With the leverage that BOL has in its current fleet plus the success in reducing its cost base, the EBITDA upside will be significant.

Others have woken up to this and hence the share price re-rate. From a charting sense, next level of resistance is at 20c and NTA is 31c. Based on historical FY17, at current share price is trading about 7x EBITDA, but with its operational leverage, EBITDA growth could be very strong (would not surprise of we see EBITDA tracking at double current rate by sometime next year).

AGM is due 23/11 but this is stock well in advance which is encouraging.

IMO, one worthy of doing your own research on.