It may crack .18c but that's still less than half its 12 month high, and still well within its current trading range. Without some turn around in investment trends into the three sisters (gold, copper and base metals), BLY will be selling more of itself, by years end. No surprise who the suitor will be.
Global industry investment seems not to finally have stabilised, but as yet we still haven't seen if BLY can operate profitable at these low utilisation and market rates. With more and more smaller players falling by the way side, BLY can only hope that their continual, debt for equity refinancing, sustains them until a turn around occurs.
Its still a dog.
BLY Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
