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$2.91 boart longyear group ltd

For those interested - More Investment in exploration, page-6

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R21

1,412 Posts.

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28/06/16

23:00

Post #: 18146018
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Originally posted by malmanu ↑

There are hundreds of projects globally already drilled still awaiting better commodity prices to get financing or taken over before we see new greenfield exploration . Oil and gas is in a glut for several more years if not longer. BLY is carrying large US debt and the forecast is for the Aussie dollar to go lower.

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What the significance of AUD going lower? BLY are an American company that operate primarily in USD.

BLY Price at posting: 8.0¢ Sentiment: Hold Disclosure: Not Held
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