Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
- Posts
- 9,684
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- 6,539
Yes, it hasn't gone down. And from its history, I doubt it will go up much soon.
They were lucky they got their long time finance before the credit crunch really hit.
The real upside I can see is related to Auspac's fortunes.
If Auspac can get their technology happening tothe next stage and if the iron price holds up, BMX will get rerated.
We are looking at least 9 months away and that will also let us know whether the upgrades to create greater supply from BMX will also occur. All good stuff but frustratingly long term.
They were lucky they got their long time finance before the credit crunch really hit.
The real upside I can see is related to Auspac's fortunes.
If Auspac can get their technology happening tothe next stage and if the iron price holds up, BMX will get rerated.
We are looking at least 9 months away and that will also let us know whether the upgrades to create greater supply from BMX will also occur. All good stuff but frustratingly long term.