BLY is an interesting case study.
Just over 11 years ago or so they were sailing along making profits and pivoting to high risk jurisdictions and more than 30% revenue from exploration drilling. They used debt for their pivot.
Then the sector hit a downturn and things went south very quickly. They eventually lost something like 99% of shareholder value.
Most drillers and mining contractors hit the wall during that downturn- some recovered and later thrived- some did not.
There are a lot of learnings here. This sector has risk.
The West African risk in PRN is a concern to me. I preferred the DDH risk. Whatever.
IMHO DYOR
And seasonal greetings to all.
Boart Longyear Scheme, page-4
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Last
$1.03 |
Change
0.020(1.98%) |
Mkt cap ! $966.0M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.03 | $1.01 | $2.490M | 2.437M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 47498 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 136271 | 5 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| PRN (ASX) Chart |