Next offering may be $1, page-2

Rather you than me. Shorting in its current position..

Iron ore prices have stabilised. Coal is on a slowdown, but expansion is still happening. Iron ore prices are still a bit dicey over RIO, and BHP still expanding, but much of that expansion is on a go slow.. And the amount of ore required is always increasing.

I have no doubt there are positives in Bradken with either a merger or takeover, but it won't be in the next 6 months..

My money could be working for me elsewhere, will c what it's like in a week, but I think initial reaction was harsh (share price, not mine). And it will come back slowly. Especially with EOFY selling coming to an end..

Time will tell.