bly holders, page-4

BTW Depthtrader i did see/hear the announcement made by BLY this week. But there is nothing that investors have not alreadt priced into this stock. Reasons for holding

1. Chances of refinancing is high

2. 1/3 of BLY drilling business is gold exploration.

Simple formula i have

Gold price goes up = Exploration expendeture for gold also goes up.

Simply because i still hold BLY does not mean i am a die hard fan of BLY. If that was the case it is also the case for CBA, Maplebrown Abbott and all the other large substantial holders that hold almost half the company.