Haven't looked at a BSL post for well over a year. However, i can't help but notice references in the news to the constant flow of bad news and profit downgrades. I knew i had been pretty strident in my opinion re O'Malley's capability. Unfortunately for shareholders O'Malley is still their (earning millions) whilst the SPfalls and falls and falls. 3years ago this sucker was over $9.00. Now at $1.27.... and to tink this from country's largest steelamker!! O'Malley was appointed to fix the rot but i wonder if BSL will be absorbed for a meagre price by someone else. I've never shorted BSL. I should have as i never believed current board could turn this ex BHP steelmaker around. Yet holders seem to accept things without much protest. Avoid.
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