I picked these up 6 months ago at 1.42 thinking they were a...

I picked these up 6 months ago at 1.42 thinking they were a great buy, then Macquarie jumped in...... I decided to jump ship a take a little profit on their way back up then and allow some time for things to settle. All my mates suggested Macquarie has a tendancy to have companies restructured. True or not i'll sell on rumour if i'm not losing.
Now i revisit BLY to see them at these prices, its like an early christmas present. Rigs will keep turning it just depends on where! Australian mining looks to be a downturn coming (i'm an exploration geo, theres 100s of us applying for jobs, 9 months ago you'd be snapped up in a heart beat). Yet Africa is ramping up big time.
As long as they move the rigs to where the work is this looks to be a great buy for a med-long term strategy.

I have My order to buy in!