Hi Nigelsfo, I hope you are happy with these good news. At least...

Hi Nigelsfo,

I hope you are happy with these good news. At least for a couple of terms this company looks in the right direction. The sp is 1.4c now. I acknowledge you bought this shares before, probably at prices higher than 4c. But now most of us are buyers with sp bought less then 2c.

As well, perhaps we need to agree that the market for BLY is way more confident now as the financial results started to dramatically improve. You are right, it's not enough yet for a final count but the direction is right.

We need to make an adjustment:
1) Market cap was $289 M when you started your post and shares were at 1.1c (not $850M). So, if it gets to $850 M then it will be over 3.5c
2) I agree with you over the huge net debt ($600 M) but this is due in 2022 (and is calculated for this year). This is where very few people want to see this essential aspect of recapitalization. So, the company has four years when it will start paying this debt but in this time the debt is less than 100M.
Yes, for these near four years the requested debts to pay is under $100 M and it's easy. Obvious, my big question is whether after these four (safe) years, BLY would be able to pay the whole debt. And they are getting better.
3) As well, I miss another perspective as I do not know exactly what the value of assets is now as it was not recently reported: bly has branches in several countries. This is another important thing as I do not know exactly and might change our discussion.

Cheers,