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.
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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19 | 80162 | 1.030 |
15 | 62095 | 1.025 |
15 | 175392 | 1.020 |
7 | 73450 | 1.015 |
Price($) | Vol. | No. |
---|---|---|
1.040 | 124423 | 35 |
1.045 | 87926 | 14 |
1.050 | 111140 | 15 |
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