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I'll be sticking mine under the house at this rate... What now?...

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GL77

6,027 Posts.

853

22/10/14

18:17

Post #: 14165155
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Originally posted by TheWay99 ↑

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.

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I'll be sticking mine under the house at this rate... What now? Togo?!

Really disappointed in this deal. Imo would have been better off holding on until commodity prices increased and tried to sell them off then.

I hope management have something up their sleeve...

BMB Price at posting: 5.8¢ Sentiment: Hold Disclosure: Held
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