Ok people you want doom, I will give you doom!Bandanna being...

Ok people you want doom, I will give you doom!

Bandanna being into coal, the stuff of global warming, the shorting chart starting to look like a Al's hockey stick CO2 chart, BND management saying everything is fine while time-frames slip.....

Shorters have been selling hand over fist to anyone who has been buying the early story that everything was on track for estimated delivery and the shorters were VERY well set by the time BND management announced that the development timeframe had shifted out, which is not an insignificant event without potential disasterous financial consequences for BND given the take or pay agreement.

Here's old Al gore atop his hydraulic lift explaining the doomsday scenario for the Mankind.

And here is Asteroider (not the real one) on top of a similar, but not fully functioning hydraulic platform pointing to a potential doomsday scenario id the shorts were to continue to rise in a similar hockey stick chart that spells the end of all mankind.

Fortunately it appears that pretty much all the directors loaned stock has been shorted into the market so I actually think shorts ---> are peaking now <----. The damage that 'needed' to be done has been done.

But given they have pushed bandanna to the wall with a sub 10c share price, seemingly knowing in advance that the project development would be delayed in the face of imminent take of pay liabilities while retail shareholders were being told the schedule had not slipped......

Well ***if*** shorts were to continue to rise from this point to higher levels in the 'doomsday scenario', given the companies market cap is now barely large enough to cover the 'compensation payments' never mind any serious development well, it will be game over for Bandanna and probably game over for WICET, leaving Newman with a large white elephant for his pet zoo.

Guess it all hinges on whether the MLA will be issued prior to the end of June, and that is up to the political appointees.

I have a strong suspicion shorters are happy with the status quo and will 'maintain' the share price at 10c or below until they can cover 25 million shares at these prices or lower. This can happen in one of two ways:

1) BND moves the development schedule yet again and is faced with mounting financial demands in the face of no income and the share price goes into a high volume meltdown.

2) If BND magically gets the MLA before the end of June, those 25 million shares are unlikely to come from the current register, which would mean some sort of a low ball placement would be required for the shorts to cover at these prices. I cannot see anything in BND's asx releases about planning a placement, yet given they were prescient enough to load up the shorts before the time-frames slipped, well.... danger.