fang, BDI is certainly not a cash cow, but in my mind Condamine needs access to the ASX to raise funds thru a CR.....Given the potential of Condamine's NZ assets and BDI's recent MADA deal (early days here but is promising without being confirmed) there may be enough room in SP movement to get away a CR.. At some later date when interest is confirmed by the market there would be a distinct possibility of a consolidation...Just my opinion...
BDI Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held