Pretty disappointing outcome, hard to see how a 33% reduction in asset price coupled with a long delay before any of the funds are received (if ever, a lot has to happen on that front) is a positive step (never mind a best outcome). I suspect BMB will be going into the drawer under the bottom draw for a while.
Until the coal assets start to produce, and that is a brave statement on it's own, hard to see any appreciation in the share price without a positive Togo result.
Shame, everything seemed pretty positive 12 - 18 months ago but now there is not much to be cheerful about, we seem to be more behind than ever.
BMB Price at posting:
5.8¢ Sentiment: None Disclosure: Held