BLY boart longyear group ltd
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If the lenders are to get 98.5% of the company for $795 million....

  1. ionshield
    423 Posts.
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    20/07/21
    10:34
    Post #: 54623399
    If the lenders are to get 98.5% of the company for $795 million. My schoolboy maths tells me that they value the company at $807 million. Now 1.5% of $807 million = $12.1 million. So, the existing shares = 88.5 million equates to 13.6 cents / share. Are my sums correct. I bailed on this.
    BLY Price at posting: 32.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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