is this the same company?, page-14

donga

As I understand it, Boart would suffer in a systemic risk scenario, just like any other large debtor. I agree, the risk seems much lower now than it did last October or at the bottom in March this year, but it's still there theoretically.

The worst case, now quite unlikely IMHO, is that Boart is forced to come up with 585 million in cash by April 2010. With falling earnings, I imagine that could be quite challenging, and that's why the SP dipped so low.

I don't think we've seen the last of systemic risk concerns, so what I'm hoping is that Boart can refinance ASAP before any further weakness in the financial sector can be revealed.

Z