Mining services have been doing it tough but BLY potentially a little tougher. Bespoke drilling solutions, and a premium service in a declining market. That being said they got good utilisation in 2016, with a nice increase in H1 2017. So what will the annual have in store for them?
Quick peek on their careers websites shows they are hiring a lot of drilling crew and drill sales people. Could it be the turn around those long term holders have been waiting for?
28th of Feb lets find out!
BLY Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held