Next Wednesday's results are going to be critical. At the moment, the chart looks like 1.0c was the bottom and an uptrend is tentatively starting. If however the results show they are still losing money, that means more loans and or more shares being issued, more dilution and more pain for long term shareholders.
BLY have been in a downturn since 2012, six years of agony. Along the way at many times it has looked like they had turned the corner, only to head down again. Is this the time things will be different?
BLY Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held