Using your figures, 4% of 800m is about 32m per annum. So as long as Boart makes more than 32m profit, they can service their loan can't they?
I don't know much about debt or finance, but even if BLY makes 0 profit as suggested in another thread, I'm not sure posting a loss would mean the end of the company. It'd just be a bad year wouldn't it? When the resources sector picks up again, BLY would pick up again and get back on top of its loan repayments.
Seems like they're on a knife edge at the moment, and I think the truth lies somewhere between those who think the company is headed for receivership and those who think the company is headed for 30 cents plus.
Z
BLY Price at posting:
7.5¢ Sentiment: ST Sell Disclosure: Not Held
