BLY 0.92% 54.0¢ boart longyear group ltd

something good is cooking, page-19

  1. 489 Posts.
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    One thing we must remember during this sell off is that the fundamentals are improving; commodity prices are holding up, so the risk of insolvency is reduced, and an eventual price turn around will happen.  This is why BLY is a good short term trade for anyone entering near the end of Ares offload.

    The worst case scenario for holders who bought recently (i.e. 1 to 2 cents) is a takeover sub 1 cent like @Ganesha posted, which I think is unlikely.   Just got to sit tight and take it from Ares, like being in a jail cell with Bubba.  Heck this has been a lesson for me.  26B shares on issue; BLY are such numpties.
 
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