"Please elaborate on what money they need to find for mid-year?" - A company that is not making a profit needs to top up to stay afloat. My comment has nothing to do with current lending covenants, it has everything to do with current market conditions and their ability to have enough operational cash flow. Nothing has changed with BLY, they run at a loss, and go back to their lenders for more. How many times they go back and how long the lenders will oblige, no one knows.
BLY will be the last to see any up-tick in an up swing in the exploration drilling investment cycle.
BLY Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
