Boart longyear may be around for many years to come but the number of shares on the market wont. IMO with the sp sitting at such penny dreadful levels and over a billion plus shares on issue the board must be thinking of ways to make things rosier my money is on a consolidation of shares e.g. 10 for 1 at 10c the sp after consolidation will be $1 with only 100 million plus shares on issue which makes it easier for the board to capital raise should they require more funding.
BLY Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held