7million seller, page-4

The week after next ought to be more interesting. The AGM is what it's all about in the short term. Also in the short term, I don't understand the appeal of Boart any more. It's only worth holding if you think it's about to get re-rated, but the announcement on 22 April (a shot across the bows IMO) made it clear that probably won't happen until June/July at the earliest.

I expect the AGM to have details of further contraction in the resources sector and offer further hope of a rebound later in the year. The V shaped recovery is becoming less likely though, if instead it's a U or L shaped recovery, then I think Boarts EPS will reflect that and it'll take a while for BLY to return to 19c.

Maybe someone should suggest they do more drilling for Uranium companies at the AGM? Gold, silver, and Uranium miners would make a good customer base right now.

Z