it looks like bottomed, page-33

M34N,of course I do see it having a future or else I would not be holding it and at the current prices as a bargain or else I would not be accumulating.
Bad management, high dollar and raw materials cost plus carbon tax scare all contributed to BSL falling from above $3 to around $1.70 where I believe it to be fair value but I think that falls in the past couple of months were mostly caused by shorters going for broke and taking advantage of bad management to push down prices to the current levels.
I don't expect to see $2 any time soon but do expect it to see it back to where it was a couple of months ago, around $1.40, once the retrenchments are announced, local content rules are introduced and the shorts are forced to cover.
Good luck to anyone shorting BSL, in the coming days you will need it.