For those of us who are hurting because of the recent sp dive I...

For those of us who are hurting because of the recent sp dive I think we should consider a couple of points:

1) BND had to secure enough capital to back their port and rail. 4mtpa through any port in Australia is a huge asset. No coal mine in Australia can go without this. Not sure, but I think this is also a tradable asset.

2) Given the O/S markets last night, what are we going to say about a company that has excellent assets, no debt and $200million in the bank during another global recession? Might make a few of the midcaps envious.

Admittedly, the board probably should have made this move earlier. I for one would have appreciated it more!

Either way, I think the market is in for another pounding!