I bought in at 21 cents. Management have already stated...

I bought in at 21 cents. Management have already stated dividends should resume in the later half this year. Trading on circa 3 times p/e and fully franked dividends coming in make this one of the cheapest stocks on the market.

All that needs to happen is that extreme negative sentiment that has plagued mining services stocks recedes as earnings come in flat and the ultimate destruction that is priced in fails to materialise.

Boom have a virtual monopoly on its specialised crane equipment and trading at 30% of book value it would have to be cheaper for customers to continue to hire boom then source their own equipment. Even if Boom gets a market return on half its equipment (or half a market return on all of its equipment) at least it can re-rate to 50% of book value.