BLY 0.92% 54.0¢ boart longyear group ltd

should be a good trade

  1. 1,532 Posts.
    BLY must hold the world record for the number of shares in a company - just over 26 billion shares. Obviously they need to recapitalise and a 1 for 10 or maybe 1 for 100 consolidation is probably in the offing. Those creditors that were forced to accept BLY shares @ 2c each in lieu of moneys owed don't want shares in BLY so most of them will readily jump out of the stock @ 2c. Now it seems that some are desperate enough to sell down to 1.5c. Should be a top opportunity to trade this stock between 1.5 - 1.6 and up to and including 1.9c eh!!!! I've got mine @ 1.6c and am in the queue @ 1.8c
 
watchlist Created with Sketch. Add BLY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.