Please read "The analysts noted that mining companies were...

Please read "The analysts noted that mining companies were expected to cut their investments by a further 34 per cent in the year ahead, on top of the already deep spending cuts made in recent years. The ongoing weak conditions in the sector will increase the uncertainty around the ability of the mining services companies to increase earnings and deleverage."

NO RECOVERY IS TAKING PLACE. BLY need to make profits to deleverage. At the moment they're not.

EOY numbers will be interesting.