BLY
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0.00% $2.91 boart longyear group ltd

Ann: Becoming a substantial holder, page-10

  1. ML173
    9,576 Posts.
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    25/07/14
    10:38
    Post #: 13713263
    Centrebridge is gambling at this stage just like any other punters. I agree with you that 12.7% is just a controlling stake for negotiation with any TO party...

    Spend US$10mil to get a controlling trump card is an acceptable risk for the leverage play in this case..
    Last edited by ML173: 25/07/14
    BLY Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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