BLY is an interesting case study.
Just over 11 years ago or so they were sailing along making profits and pivoting to high risk jurisdictions and more than 30% revenue from exploration drilling. They used debt for their pivot.
Then the sector hit a downturn and things went south very quickly. They eventually lost something like 99% of shareholder value.
Most drillers and mining contractors hit the wall during that downturn- some recovered and later thrived- some did not.
There are a lot of learnings here. This sector has risk.
The West African risk in PRN is a concern to me. I preferred the DDH risk. Whatever.
IMHO DYOR
And seasonal greetings to all.
BLY is an interesting case study.Just over 11 years ago or so...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.03 |
Change
-0.025(2.37%) |
Mkt cap ! $989.5M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.04 | $1.03 | $175.5K | 170.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 30894 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 6395 | 5 |
View Market Depth
| Last trade - 10.18am 25/07/2024 (20 minute delay) ? |
| PRN (ASX) Chart |