BLY 0.92% 54.0¢ boart longyear group ltd

should be a good trade, page-99

  1. 622 Posts.
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    Debt (plus accrued Interest) reduced by US$196 million in exchange for the issue of 9,840,265,064 fully paid ordinary shares.
    This implies an issue price of US1.99c per share (US$196Mil/9.84..Mil shares) or roughly more then AU2.5c per share..
 
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Currently unlisted public company.

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