nta 60c+ v 25c share price, page-11

I used to buy shares in exactly this situation. BOL is:
1) In the 'right' sector i.e. servicing the construction boom in mining sector.
2) has latest state of art crane fleet.
3) NTA of 50c+ while SP is at 30c
4) new experienced MD.

But I'm reluctant as:
a) margins are low.
b) debt still highish.
c) 'Dry Hire' usuage has dropped.
d) Small one-man operators without overheads can pinch small jobs from larger firms. this happened at BHP's massive Alumina expansion near Collie in SW WA. Even large firm WOR hired small operators who lived in district.
e)BOL's great hope is more... much more work at Olympic Dam. Increasingly unlikely the expansion will be canned.

Hence, i reckon it's a high risk stk. A few good contracts will lift SP 25%. But i have lost too much and seek safer shares for my savings.

PS. The great unknown is a possible TO.