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$2.91 boart longyear group ltd

have you considered the company has $731m debt and...

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newB

7,178 Posts.

551

03/09/19

19:21

Post #: 40296892
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Originally posted by nonlinear: ↑

You said 2.4 cents per share after the consolidation. In the Press Release they said $2.40: I assume that's what you meant.

I can't agree with you that 1.2 to 1.6 cents is a fair value on this share. I think the price of this share has been driven through the floor by someone or some group; but obviously (as an elderly private investor) I have no way of knowing who is responsible.

I think this company, (assuming it is properly run), has a very good future. One of my reasons for saying that is that I think gold drilling is going to hold up very well over the coming years.

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have you considered the company has $731m debt and increasing?
have you noticed the revenue for the company struggle to increase even in a better year?
i think we need at least another quarter to confirm which way it heading. investors need to be extremely cautious and patient.

BLY Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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