BND update, page-5

http://www.thebull.com.au/premium/a/48733-asx-stocks-to-benefit-from-india's-energy-demands.html

Bnd gets a mention. Not overly positive, with the funding and approvals still pending but the story confirms the long term demand for coal.


For those with the intestinal fortitude to take a chance on coal stocks, Whitehaven Coal (WHC) and Bandanna Energy (BND) have the most attractive combination of book value, earnings forecast, and low debt. However, Bandanna has as yet no producing mines and is currently under suspension while it seeks an extension on its funding facility to continue its exploration activities until all regulatory hurdles are overcome. Bandanna’s future rests with its Springsure Creek underground thermal coal project, which should begin producing in mid-2015. The combination of the funding facility extension and regulatory approvals in the face of increasing resistance to coal mining in general are enough to make most investors avoid this stock.