BLY 0.00% $2.91 boart longyear group ltd

double bottom perhaps, page-29

  1. 7,973 Posts.
    Debt won't be such a problem once the banks start lending again they have sufficent time for the commodity cycle to start up again which by the looks of things it already as.

    Signs of a gold rush at the moment hinting at future inflaction, the copper price has followed. I expect commodities to be higher than current prices in 2010.

    BLY will simply follow the RIO's and BHP's of the world.

    CBA and NAB recently became supporters, therefore don't think they'll let it fold due to debt.

    The company has been around for 100 years and is obviously a leader in it's field with significant competitive advantages and lets not forget the barriers to entry and human intellectual capital. It's a takeover target IMO.

    But hey I'm trading this by the chart, the fundamentals are simply a footnote.
 
watchlist Created with Sketch. Add BLY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.