Nice 6 month chart 525 next stop ?

The three year chart looks a bit scary to me...but this is not
a sector I know well so in context it may be fine although they
all are supposed to have had a good run in mining haven't they?
Question - do BLT supply the Chinese market? that's where a lot
of potential growth is..

ttt for Bunny:


TRying this out, hope it works

It worked!!
Stock trending higher
MACD climbing nicely above signal (ema)
RSI climbing steadily

All in all according to these indicators there is more to come on the upside for BLT
IMO opto

You're probably right, my only concern is the 3 yr high on these stands
at roughly 526p and there has been a big rise in the last 8 weeks or so,
breaching the high is possible I suppose (it always is) but I'm looking for
just a tad more then the current price to move out. Still not sure on the
wavy stuff (lol) it's just not the type of chart I'm used to looking at
visually. However thank you opto and I'll get to grips with it eventually!

BLT have a seven yr. contract to supply Chinese market - that's based on my memory and not facts to hand. Also worth several billion $s.
Looking at the charts makes me think when I bought these at 1.50p.
Still holding...
If interest I'll try to dig the details out for you.

You bought at 150p and you're still holding - oh my goodness that's
a real feat of discipline - good on you and I hope they continue to
rise and do even better for you! Be Lucky!

(I sadly do not share your discipline and have sold out for now, but
should they drop I will be back in there again, but thank you for posting
and letting us all know about the contract.)

Found this that clarifies the matter...

BHP said it will supply 12 mln tons of iron ore a year over 25 years to four Chinese steelmakers, doubling its current sales to the companies, in a deal worth 9 bln usd.

I think my dec point not quite right above should be 1.50p - wishful thinking...

Edit : Dated 1/3/4

casham.... Pity the software has destroyed yr charts - being replaced by "todays" makes it less relevant to yr words. I hope you did sell near the peak, since this stock has been on a downward tilt for quite a while and I suspect without the Chinese pull, it may continue. Their dam failing (DYOR) late 2015 has confirmed how risky mining is.

Others here have posted that this might be the trigger for cutting the dividend ( currently ~9% ) - but it's anyone's guess - since this would be a blow to existing shareholders who may have seen this stock as "Moderately Safe".
(Nov 2015) - I'd like to buy this stock, but cannot believe "now" is the time .

+++ . . . any other views? perhaps on the more-recent Thread.