what a golden opporunity to buy

Well shorters, I concede the first battle but I am in there buying again. I am on top of the queue at 45.5c as I write. I believe that a takeover bid would be more likely than an equity raising over the rest of this year. The Board has said there won't be a capital raising yet that seems to be a fixation here.

The market cap of Boart is currently around $206m. What a cheap purchase for an opponent to buy the largest drill rig company in the world.

Certainly Boart is a stock that feels the pain heavily in tough times but it is also a multi bagger when things turn around. It hit a low of around 54 cents at the end of the GFC and then rose to $5 within two years.

While I acknowledge there is plenty of risk here, there is also a wonderful chance of a multi bagger. The share price is less than half of the written down NTA.

GPASAS