holding brandrill

I only recently purchased BDL i.e. 6 cents, based on its excellent value & a belief it would improve as the world economies returned to normal.It is always pleasing to hold a company under offer because there is always the chance of a higher offer, & given this deal will not be complete before Nov/December others in the industry will certainly run the numbers on BDL. It is worth reading the ASL ASX November 2008 investor update to gain more understanding of Ausdrill.
Key points I saw were:
1. Improving EBIT margins, Dec 2005 10.5%, growing to 15.6% Dec 2008.
2. ASL earns its revenue as follows: Gold 70%, Iron ore 22%, Nickel 6%, so BDL's coal is a very good fit.
3. Experienced Management
4. Low gearing
5. Record order book
6. Revenue up 50%
Whilst I was happy to hold BDL it would appear ASL & BDL should fit together very well if no more offers.
ASL peers/competitors include: DOW,MAH,NWH,AJL,BYL,IMD,SWK so these are the most like group to offer a counter bid.
Regards
Buffett