Posted by: 10 bagger Date: Wednesday, March 25, 2009 9:55:40 AM In reply to: None Post # of 113301
Normally I hate to chase but BBWPF is an old friend.. It has taken almost a year for BBWPF to remove itself from the BNB umbrella which is now bankrupt in Australia.. Div. are $0.045 each 6 mos. in Australian currency and an added benifit is the relationship of the Australian dollar to the US dollar..
Previous sale of a major position was at $1.21 because of the spike down of the Australian dollar.. Debt has been parred almost 40% during the past 6 mo's and the need for additional capitol to fund existing projects unnecessary..
BBWPF has prob. the finest DD package of any public company that I have ever seen and I will post links on my trading board before the week is over.. The Australian dollar has a strong relationship to metals markets and any increase in the price of metals will cause a rise in the currency in relationship to the US dollar.. BBW.ax,, (BBWPF) has another floor placed upon it's stock and that is the announcement that BBWPF will purchase up to 30% of it's outstanding shares.. It has began this purchase recently with an offer to all small shareholders.. BNB.ax in bankruptcy has a little over 10% of BBWPF shares in its portfolio and thier purchase is anticipated once released by the courts.. hank