recovery

BDL has seen director buying at 4 cents (refer ASX announcements) always a good sign. Placement to organization with long term approach to investments at 4 cents.
Whilst the financial results for the year just ended are probably going to be poor, their recent ASX announcements gave indicators that things may have turned for the better. BLY the world leader in drillers has also been very strong over the last few months (up from around 14 cents to 38 cents), so may be its time BDL started back on the recovery path as well. Coal has been very strong & this is another positive for BDL. Given BDL were north of 20 cents as late as August/September 2008 there is plenty of room for a recovery. The secret is to not pay too much for BDL. BDL would appear to have broken out of a downtrend started last January.
This stock is highly speculative, but many times the rewards are also worth the effort, but please DYOR on BDL.
Regards
Buffett