I have some experience in coal mining and have been sitting on the sideline for a while now. Followed BND's CEO and spoke to him but he could not convince me to buy in; bought GBG instead.
Still looking out for BND but it does not look good atm; XStrata & RIO pulled out of QLD, Wiggin Island is ..., Coal Price, Greedy QLD and State Goverment and so on. I learned a bitter lesson from PRK and I'm in COK and CCC which also do not look good.
Overall I think king coal is in a low for a few years and BND is part of it. I hope it will come good again for all of us relying on the work BND would bring to QLD but don't want another ASX Coal Stock to hang on to.
I'm not a financial adviser and this is strictly my opinion and you should DYOR.
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