bell potter target $1.80, page-7

JnrTrader29,

I'm not hoping for a takeover. I do not hold. I'm giving you my opinion.

My opinion is that the new MD/CEO and other new appointments was to get the company ready for sale.

I do not believe any of the "farm-in" announcements.

Today's announcement is in my opinion an announcement to get interest in BND. There is no new material that I am aware of in this announcement or is there?

Commentary
Reflecting on the past month’s activities Managing Director Dr Ray Shaw commented that, “Bandanna is now very much on the front foot in transitioning to its next phase of corporate development. Bandanna’s suppressed implied EV/tonne metric – compared to those of our peers, seems incongruous with our assets and the significant derisking
that has occurred since rail and port solutions were concluded for WICET in October 2011 for our 4 Mtpa allocation.
It should be pertinent to the market that in recent days both Bell’s and Paterson’s experienced coal industry analysts have each released independent research with buy recommendations and target prices in the $1.80 -$1.85 per share range “ Dr Shaw said (exiting CEO).