The Speculator

27 July 2011

Broken Hill Prospecting has had a slow start on the stockmarket since listing in February following a public offering of 25 million shares at 20c. The listing was planned to coincide with the launch of an active field program on its tenements 25km south-west of Broken Hill, but heavy rains disrupted progress for a month or more and the stock fell away in its first weeks. The Speculator bought in at 16c on February 22. Fuelled by tax-loss sellers in the last week of June, the shares fell to a year’s low of 9.9c on relatively light turnover. They’ve since recovered somewhat to trade at 12c, with fieldwork to be stepped up on a unique cobalt-rich target immediately south of the Broken Hill-Port Pirie railway line that straddles its exploration tenements.

Eureka Report (Speculator) 27.07.2011