All I can say is that BGD is not in an enviable position
Its either bad management from Dubai or failed management from Germany...and combine this with low cash reserves... Boulder Steel is DEAD...just buying time before collapse
I say just get out at 5-10cents while you can before the stock goes into voluntary administration and never relists again.
Has anyone been following the steel industry lately?...hello ...even the Chinese are cutting back on their steel production (and these guys are the lowest cost producers too) so how is Boulder going to even raise cash for a plant in either Gladstone/Ipswich or Sharjah...and any other places they see fit.
Everything you see is fairytale!!! and holders in this stock should wake up after over a decade of NOTHING
Guys think about it...be realistic...who would lend money or invest with people that only has a failure track record in delivery.
Had mates who has been burnt hard on BGD and thought I should share my opinion.
All I can say is that BGD is not in an enviable positionIts...
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $59.03M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 27.0¢ | $102.2K | 371.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 124999 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 23999 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| BGD (ASX) Chart |