BLY 0.00% $2.91 boart longyear group ltd

email I sent to Board, page-12

  1. 934 Posts.
    Luda.........I feel for you as I have been there too with other stocks. After trading BLY from '09 To 2012 I bailed so I haven't been following it and have no opinion on who's fault it is but i'm pretty sure anyone investing in the ASX would have known demand for our resources was declining, affecting the mining service industry. All service companies sp have been hammered, especially ones with large debt (remember the GFC) Sounds like you were gambling on a major rebound in BLY that imo was unlikely to happen with their massive debt. Management may have been slack, I don't know, but there was enough in their announcements to get your attention. They have been announcing falling revenue for ages. I understand your frustration but I think you are being a bit hard on some posters. I think the info was out there to find, you rolled the dice, as we all have done at some time, and unfortunately this time for you it didn't pay off. Good luck in the future.
 
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