BLY 0.92% 54.0¢ boart longyear group ltd

Bly Total share percentage, page-29

  1. 59 Posts.
    How do you know it's 25 million per day? Where did you get that info? Well, if you believe it's true, then you can do the math: I guess they need approx 5 years to sell them.

    But should they? Selling with under 2c it's a good buy (but not a good sell). The market capitalisation is now less than 400 million. There are many drillings going on; it's a good competition but these guys have and will get enough contracts these coming years. This financial year the finance should be way better then in the previous three years.

    So, I guess if you are short term investor it's not much to see. You can gain as a trader or as a long-term investor. As a trader, you might expect the SP to go back these days after it hit 1.4 c. Eventually, wait for 1 cent and have more fun. As a long-term investor, this stock should get back at least three times.
    Last edited by DS_1_: 14/10/17
 
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