very very strange trading, page-12

Yep, it is. you know, I used to mentally do this thing... when the SP would reach a certain level, I would think, "Peraps this is the takeover price that the suitors want the day to end with...." I did that @ $2.20, and I did it @ $2.00 (even numbers). With today's rather large sell-off, perhaps 75c is the final number the parties have agreed to? A nice even number... Hehe. All just wishes now. If we got a 30% premium on this, we'd pretty much be back to the price of a few weeks ago. In fact, that would be better than no premium at all.

Mrman, it hasn't been allowed to run for a long time. It's a good lesson for me. At one point, I had close to a 30% profit on this- a takeover premium in itself. I bought my first lot @ $1.76 and was quite happy with that- it went to $2.20 or so. My second lot of buying was around $2, I think.

Probably like many of these coallies, they started off @ 20c, then ran too hard. Now we're paying the price. (BTU is also getting smashed, but does have 3 appeals against it in the NZ Environmental Court).

I hope the ASX asks this company for an explanation. Or maybe there is something in the media I am missing out on knowing. If anyone has any explanation, I'd be glad to know. I might call the company tomorrow, and ask them how they're going with the strategic review.

Cheers to holders on another glum day for BND.