giddy up !, page-224

Not sure whether you remember the consolidation a few years back of 10 - 1 (which if you go back makes the current SP around 2c)?

The Co completed this to tidy the registry and to clear debt. They did that, but then ran head first (exactly the same as the did previously) into a massive debt - and once again, here we are - only 4 - 5 years down the track in the exact same position?

The Co has no credibility ATM - Investors, Banks and Clients.

The CEO was the ex. head of Newmont Mining - a producer...

He has come in after C.Kipp, then some interim CEO (where there was some serious infighting) from what I can gather, before the current CEO was elected. Kipp left - because he know the Co was heading into a hole.

Drilling Services is a completely different animal.

Do your research carefully - absolutely look at competitors? Swick in AUS, Majors, Foraco etc. None of these companies have even close to the same debt that BLY is carrying...IMO there is no comparison.

Anyhoo - I hope the Co does turn around, but I can personally only see further pain coming for holders.

Best of luck.

Cheers