BLY 0.92% 54.0¢ boart longyear group ltd

Whilst I have been tied up with other commitments and only had a...

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  1. 622 Posts.
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    Whilst I have been tied up with other commitments and only had a cursory look at highlights today, and from you own take ML:
    Revenue up 15%
    Gross margin up 29%
    Substantial cash flow already: Debt down to US$643mil from $735mil (US$92Mil paid!) less cash down of say $15Mil (say $58mil-US$43) is $77Mil (92-15)...
    This is no mean feat considering conditions were bad to improving Dec17....imagine SP now with resources on the up-tick, SP can only be up from here
    You were right yesterday that it will touch 1.1c and I topped up today...GLTA..good call and thanks for that.
    It takes a couple of days for the panic from "not as good " to bad results to filter through...I believe its now done and when the accounts are studied, one will see only positives...
    As to debt holders, it's mainly water under the bridge, I believe those who wanted to bail have done so already....those holding are here for the cap rise..as are we...
    GLTA
 
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