Yeah sure. ASF and other forums really influence stock prices...NOT.
You must also think when the bell starts ringing it's Mr Whippy.
I couldn't give a rats sars whether BBI goes up or down short term.
Buddy, I direct you to page 67.DB's disclosed buying over the last month doesn't mean squat with regard to today's 'chomping'. Buying today could be anyone.
And you're 'other big buyer' hasn't yet cracked 5%.... so there is no evidence that this is true either.
Finally, please direct me to where you/I can see that a singular entity purchased 10m shares today.... there is nothing to prove or even suggest that the purchase on close was in anyway related to ANY buying through out the day.
You clearly have a position again, and I appreciate all the work you have put into research over the past months, but enough with the BS innuendo.
PS: Fairly reliable rumour floating around that someone else has bought 60M BBI in the last month as well...
"Unfortunately you don't know who the buyer(apart form [DB])was. I do and they were not buying to do BBI holders a favour in bidding up the price prior to the SPARCS vote."
"They would want to have big wallets. It was an insto buying.....100% guaranteed. Mid cap fund manager."
I'm hardly going to name the fund manager either. I have not been told WHY they are buying. All I know is they ARE buying.
I don't know what Deutsche Bank are doing and they have bought over 100M this year and sold zero.
I do know what the other big buyer is doing though and they are back in today.
Buddy, I direct you to page 67.
And there are a few other quotes (including the best one, which I CBF looking for at the moment).
We then have
Do you think that MAYBE, just *MAYBE* he knows the fund manager personally?...
I can't believe you ran BB off. I'm terribly dissapointed in you. If you think BB is lieing (despite being right about nearly everything so far)... you STILL shouldn't react the way that you have.
This is a sad day, that will seriously reduce the quality of this thread.
Largesse, I really think that you should ..... ......
BB, thanks for all your effort... feel free to just ignore any tools and stay on ASF.
Kind Regards,
Rhys
BB, thanks for all your effort... feel free to just ignore any tools and stay on ASF.
Stick to HC mate. They don't require you to actually back up any of your claims with evidence over there.
BB and his 'insto' mate will fit in perfectly.
Ramp to the heavens.
Best of luck,
L
I must say from my POV it would be sad to see BB leave this forum, please leave a forwarding address. In any case I can't help but admire BB's timing. I dumped my last BBI holding at midday Thursday 15th for 9.7 because I figured the SPARCS reset wasn't going to get up. BB sold the next morning for 12 before it closed at 9, go figure. His timing is impeccable. I wouldn't even think of playing poker with him
I concur,
I have enjoyed BB's detailed and comprehensive analysis of this company.
it would be a real loss to the forum if he were to leave because of one jealous poster.
cheers
Billionaire Clive Palmer's Waratah Coal has unveiled a central Queensland thermal coal mining project, hailing it as the nation's largest.
The project, known as "China First", will mine 1.4 billion tonnes of coal in the Galilee Basin, southwest of Mackay in central Queensland.
The venture's feasibility study suggests the entire project will cost $6.55 billion to set up.
This includes $2.1 billion for a 490km long train line, $3.18 billion for mine equipment and infrastructure construction and $1.27 billion in port construction.
As chairman of Waratah Coal, Mr Palmer said the China First project would create around 6,000 direct jobs during construction and 1,500 during operation.
The mining magnate estimated the project would add about 45,000 jobs overall to the Australian economy.
Mr Palmer said in time Premier Anna Bligh would have him to thank for helping the state regain its AAA credit rating.
He has a pending defamation case against the premier.
While the mine still needs state and federal government approval, Mr Palmer said it would be very "petty" if Ms Bligh blocked the project for political reasons.
"I'm not important to this project, Anna Bligh is not important in this project, what is important is that this project goes ahead and that it happens in Queensland," he said.
"We are both Queenslanders and we've got a vested interest in the future so I can't see why she wouldn't be a supporter."
Mr Palmer, who returned to Brisbane from China this week, also announced that Waratah Coal had entered into a memorandum of understanding with China's Metallurgical Corporation of China (MCC) to develop the project.
"MCC has agreed to be the engineering, procurement and civil (EPC) contractor of the project by providing a fixed price, lump sum construction price for the entire project," he said.
"They have also agreed to arrange debt funding of up to 60 per cent of the total capital cost.
As a result, MCC has guaranteed that it will purchase 30 million tonnes of coal per annum, which equates to $70 billion over the 25-year life span of the project.
The government will respond to the announcement at 2.30pm on Wednesday when Infrastructure Minister Stirling Hinchcliffe has called a news conference.
I don't know.... I am asking all of you!are u suggesting it might be negative becasue they are building their own. or positive because its port related...i cant tell lol
Nope, no such luck. We are looking at a 100 MTPA facility:DBCT can do at least 81m tonnes per year.
Using the figures for the new terminal as a base to value DBCT gives a possible value of $3.426b, that would be nice!
"A new Australian coal port - the first in a quarter of a century - would be built near Shoalwater Bay between Rockhampton and Mackay with a capacity of up to 100 million tonnes of coal per annum.
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