GPA,the work you put in was admirable but there was two major...

  1. 11,400 Posts.
    lightbulb Created with Sketch. 565
    GPA,

    the work you put in was admirable but there was two major flaws with your premise...

    1. Daytraders cannot move a multi-billion dollar company.. or even a smaller company.. daytraders ride waves, sophisticates and funds create them ;)

    2. Boart was not cashflow positive.. and its assets are declining insanely fast just to keep debt at current levels.. this makes its future potential less (less ability to rapidly recover profitability like BSL did) and it means that people are less to help the company via capital raise..

    IMO boart is headed for a bargain auction of assets if it keeps its current debt management plan.. which will lead to debt needing to be refinanced just to keep the company afloat..

    not to mention a lot of investors in Mining services just got burnt by FGE.. and they know there is a lag between commodity price and mining services recovery..
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.