Yes, Blue Ocean did coverage on MNS and have been very bullish...

Yes, Blue Ocean did coverage on MNS and have been very bullish on the company's prospects. It appears, by buying into BKT they believe in the chemical free graphite possibility and want to get in on the ground floor this time.

It's possible they wanted a bigger stake in MNS but were unable to get it as the company currently has adequate cash.

Blue Ocean could also be a double edged sword as they trade through Pershing and MNS broker reports have for some time shown them to be one of the biggest weekly buyers. However, although unsubstantiated they could they be behind some/much of the SP manipulation and accumulation that has occurred over their?

Anyway, I think the fact that they have bought in so substantially at a declared SP should put a floor in... and if they do play a few SP games (as most insto's do) I can't imagine they would be pushing it below this price plus,they will ultimately, when fully satisfied with their holding size, put their bots to work on lifting the SP.

At least BKT's medium term cash situation is taken care of which, just leaves the good news to follow.

I spoke with Steve at the Benchmark Minerals conference last week, he has a quite air of confidence about him! At the same conference 2 years ago when BKT was an infant he was in rah rah pump Bagamoya mode... now he's all business and sensibility now; I was impressed with his grasp of the sector and he is certainly exploring all options.

Well done on the confidence today's announcement indicates.

Best of luck guys