Hi richbtich, Poor management? Yes, definitely. I believe that...

Hi richbtich,

Poor management? Yes, definitely. I believe that the previous management was mostly a technical team who did not care about finance and investors. They were not corrupted, but they did not have a coherent strategy to stay out of debt and no managerial vision.

Tough competition? Not sure. When you have poor management everything is tough.

You can put if you want the hardship mining period as some other companies went through as well.

But now, it's a good time for mining. So expect more activities with a reduced number of people.

And when the three companies CAA (Centerbridge, Ascribe and Area) have control over 95% of the company, I see the positive side of recapitalization. This is a needed bitter medicine for the previous management(s).
The new BLY management wouldn't try to screw the financial part this time.

So, expect the problem of the debt to be solved shortly. For instance, you will probably see more good news on Feb 2018.

And when the shares are now at 1.1 or 1.2c, I expect them to double or triple after that.

All the best