Both BDL and ASL have announced a 'trading halt.' Will a TO of BDL be announced today?? If so you heard it first here on HC. See copy of post below made at start of this thread 05/06/09. I hope it is a TO (and not a SPP) and BDL holders are rewarded fairly.
05/06/09.
"In first 45mins of today the BDL SP has fallen to just 5.0cents on (for BDL).... very high volumes. It seems some holders have had enough and are getting out for good. But high turnover indicates others see value in BDL... esp when measured against the high value of the net tangible assests.... i.e. scores of drilling rigs... many of which are newish.
What Brandrill can also offer is a long relationship and numerous contracts with blue chip giants such as BHP RIO etc etc. BDL specializes in drill&blast for IO and coal. Does not do exploration drilling as far as i am aware.
In light of the above.... my query is: Is BDL now a Takeover Target???
IMO it has-to-be. SP waaaay below assets and reasonable amount of work contracted for coming year. UGL WHERE ARE YOU??
Hence, i am holding my full stake as i feel the SP has effectively bottomed.... and if TO does eventuate the SP will leap in value.
PS. If BDL intended to conduct a capital raising.... then surelytochrist it would have been part of today's announcement. BDL do not have a big debt so am fairly sure a raising is unlikely. Still...DYOR".
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