Bly Total share percentage, page-32

Hi Ozbecool,

This company has over 4k employees, so the salary for the CEO is ok (btw some downrampers said on HC that there is no management team ).

Can you tell us what are "all corners" of bankruptcy? You will do me a favour. Or if not you I would like to ask anyone else to say it upfront. But with arguments not with feelings.

I agree with you that many things are not OK but still, I don't see them as imminent bankrupcy.

This is a + 120-year company. For instance, I know that the problem in GFC with BLY stock was worse than now and the stock climbed over ten times in 2012. So, I guess the problem might be similar for a couple of years.

As all of us know, this stock has one major problem: shares are heavily diluted. From 1 billion before and now adding 27 b shares. That's a huge problem of being bearish and that's why I am angry about it. Couldn't they sell some assets or fire more people? But that's where opportunities come.


I just read again the latest AGM. These money obtained from selling 27B shares were mainly used for paying their debt so for the next three years, there is less to pay. From 2018 to 2020, the debt is 195 Million to pay. The problem will be again after these years, (i.e. what is happening in 2022 when it will be 745 Million debt to pay back). And they have a lot of liquidity now. For restructuring, they were not requested to sell assets or fire people which says a lot about the fundaments.

The company improved their productivity. They just spent a lot to invest in technology: they will have on-spot labs and in less than one year the survey and assay will be done by BLY crews. Big increase in revenue.

But the problem, of course, is should we be optimistic as BLY went through this before?

And 1.5 per share is heavily undervalued, as it should be at least 4c. Anyway, with this big return might come to some risk. Shareholders are ultra-bearish, that's my greatest fear, not the company. But mining is way better now than the previous three years so BLY has many activities to make money. So IMO after reporting a good improvement, in the beginning of 2019, the stock will climb over 10 cents. And shareholders still have until 2022 to see what is happening. So after 2022, I might be anxious for the company but now. Again, I am worried about shareholders like me as being too bearish and will sell too cheap.

And my question is what would you prefer with this huge opportunity now of winning multi-bag return: a start-up mining or this company? I personally believe that this company has more chances for multi-bag than an unknown start-up.

Please give us arguments, not bearish feelings. Other opinions pro or con welcomed

Cheers