I would rather a conservative estimate than a ramped up one...

I would rather a conservative estimate than a ramped up one anyday. Most of the research/recommendation reports we read on companies are paid for by the company, and a prelude to a capital raising. Companies never have sell recommendations listed on their websites, and brokers seldom do sell recommendations- at least not the smaller brokers.

This thread started 3 weeks ago, when the SP was @ $1.14, and BSL has since lost about 35% of its SP. A few weeks ago in The Australian, one of their pundits said they reckoned BSL should be price at about 80c, in the worsst case scenario, but that BSL would be taken over before then, he thought. That price seemed unthinkable then. Ib hope 48c is unthinkable now for BSL, but as the SP gets lower, and with results coming out (thinking here about BBG losing 1/4 of its market cap on Friday with results released), each lower level seem more real. :+/