placement , page-8

re: placement & positioning I think they are up to something big, I like to know what the project is Big Ears. There was some decent volume today and buyers were there to catch the falling price with no fear. Personally I thought the price was good for entry and decided to get in.

Brokers still recommend a buy in BDL.

Activity Summary - BDL provides drilling and blasting services under contract to open-cut mines and quarrying industries and drilling, blasting and earth-moving services under contract to underground mines and the civil construction industry. The company also engages in the identification and development of better methods for breaking rock and concrete, including the development and commercialisation of its high-profile Penetrating Cone Fracture (PCF) rock breaking technology.
Directors: B Branson, J Branson, D H Campbell, L A Warnick, J Nicholls

Industries Of Operation - BDL has three main divisions: BDL CONTRACTING - a provider of drill and blast services to surface miners (Australia), underground mining services (Australia), civil excavation services (Australia, HK and Singapore); BDL TORREX - mining services within South Africa (via 51% owned Brandrill Torrex); and, BDL ROCKTEK - covers the commercialisation and ongoing research and development of PCF continuous mining systems and consumable products.

Unique Differentiating Factor - Over time, BDL has differentiated itself from competitors through the innovative development and application of new rock breaking technologies. Its flagship product is a rock breaking technology called Penetrating Cone Fracture, or "PCF", which the company acquired and patented back in 1998.

Major Customers & Competitors - BDL provides services under contract to large mining and earthmoving companies in both Australia and overseas markets (chiefly South Africa). The client base of the Contracting arm of the business include an array of Australian and South African mining companies. The bulk of these contracts are in the platinum, gold, base metal and iron ore market segments. In its embryonic PCF division, Impala Platinum, AngloGold, PS Gold, PT Freeport, WMC and Gammon Construction are major clients.

Happy Trading..