are beutel goodman planning to take over bly, page-27

Industry wide investment, not BLY's CEO, makes their rigs turn pipe.

The CEO has done a good job so far this year, with both the refinancing arrangements getting over the line. But time and debt has always been their enemy, and investment will not return in time to save them.

How big will their loss be, and will this trigger their asset test clause with Cash Converters. What's happening behind the closed doors? No updates yet, when the markets are awash with them.