Hard to believe that this stock was trading at around $2.25 odd two weeks ago and today we can't crack $1.30
Has it been oversold on the "no binding bid" - probably , and the stuff happening on the markets over the past 7-10 - yes.
But whats the stock current worth??? Don't think anything has changed with the company's fundamentals , the assets in the ground are still there.....mineral resources are not getting any cheaper.
The world still needs coal , esp china and india. I think there has been a play to buy bnd's assets cheaply here....wow who would think you could come across a cheap indian !!!
So whats it worth ??? Nothing seems to have changed , Aust's market is still relatively undervalued , and BND's assets are still for sale.
So my guess is after some consolidation we could see BND's sp start climbing again and when it does it will happen quite quickly.
Thats just my opinion but dyor.
Good luck to all bnd holders
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