Back on board @ 1c - really cant see it going any lower in the near term.
The market is definitely turning around, rig utilisation moving upward (across the board), as this increases obviously the products division also see an increase in revenues (they are also increasing product pricing across the board between 5 - 8%) - so you will also should see profit increase in this division.
The Geological Data space is the one that looks the good - Trucore, Trushot (which IMO is lack-lustre - well behind the times, its only a multi-shot / single shot camera - was done years ago) - but the potential game changer is the Truscan.
So - although I dont see a massive increase in the near future (the registry is massive & needs a clean up) - I can only see it moving slowly upwards...
Of course - IMO / DYOR
BLY Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
