Ann: 2016 Half-Year Results Presentation-BLY.AX, page-9

Boart Longyear has hired Houlihan Lokey to assess capital structure options, noting that an "improved capital structure is required to ensure long-term sustainability and capture market recovery."

"There is material uncertainty about the ability of the company to continue as a going concern in the future and, therefore, whether it will realise its assets and settle its liabilities and commitments in the normal course of business and in the amounts stated in the financial statements," the company said at its half-year results.

Houlihan is also nutting out restructuring options for earthmoving equipment company Emeco.



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