BLV 0.00% 1.6¢ blossomvale holdings ltd

i got scared today, page-10

  1. 26,963 Posts.
    lightbulb Created with Sketch. 673
    ozl, had 1 bill of debt, with 4.5 bill of assetts.they also had 1 bill cash 2 months before as well from memory, and they used it to finish prominant hill.
    I think nms are good for it..the 3 p/e companies worry me....if they can gain a percenatge cheaply they will by whatever means, also as mentione din other posts , not to many short sales, so no short covering rally. the company will only go up on new contracts and profit. So what then is the real value of nms now?i am underwater 25% on my cfd's, so i am looking for a turnaround story, but felt it wise to cop it on the chin with my physical holdings and place the funds elsewhere. If it goes up i gain with cfd's, and lost potential on physical holdings, although money invested elsewhere hopefully will bring a return.if it goes down further, i stilll lose on cfd's but can ride it out hopefully, and havent lost my physical capital.
    Another thing for those with margin loans on nms, my experience lenders will reduce or cut %, which can add to the selling pressure in the short term.
 
watchlist Created with Sketch. Add BLV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.