BND - Bandanna Energy

[skc]

RIP, BND.

BND was one of the stars in 2009/2010, where every coal stocks were flying and looked like takeover targets. But with the entire sector off track and an effort to sell itself that started too late, it eventually ran out of time and money.

I am surprised that AZJ hasn't said anything about BND's demise, as BND mentioned that AZJ take or pay obligations were a key factor.

 

[pinkboy]

Im new to the stock market and fortunately have had some success on my first few goes, in which I've doubled my 3k investment. I became a kid in a candy store and just bought 20K shares at 24Cents as a long term speculative buy (from my own opinion). Looking at the results and forecast possibly not a wise choice as of yet. Ill just chuck this stock in the cupboard and see what happened in the future. oneway I look at it. is if this stock becomes nothing its from my own choice and not a influence from others and do a bit more intense research next time.

'Chuck them in the cupboard?'

20k is decent money in anyones language. If you aren't going to keep a watchful eye on them, why not sell them, take the capital loss to negate your capital gain?

You are running the extreme risk of losing all of your $20k.

Maybe if you share your long term analysis, you may receive some valuable advice from those more experienced.

Up to you mate, it's your money.

Reading back - I wonder how this turned out?


pinkboy

 

[skc]

Reading back - I wonder how this turned out?


pinkboy

I assume it will remain in the cupboard?! Perhaps it shall be framed as a certificate of risk management.

Thankfully, it looks like he bought 20,000 shares @ 24c so it's only $5k or so damage before tax, and less after tax if there are gains to be offset.

 

[Miner]

It is sad to learn about Bandanna's fall after great rise.
BND should not however blame to Aurizon. BND was privileged with poor pricing from QR Rail during government regime and Aurizon just exercised its rights to negotiate a price which they felt right to run business. Unfortunately in a competitive world every one sharpens the knife to get best deal.
I do have sympathy with BND holders as one time I was about to put money on this but backed off.