BLY 0.00% $2.91 boart longyear group ltd

WOW 688......how does that work...so if the insto's buy a stock...

  1. 33 Posts.
    WOW 688......

    how does that work...so if the insto's buy a stock it keeps the price down...

    I don't think so..........unless you can explain.

    If anything they may be dumping.

    All I can say is that this stock is a serious sideways stock for obvious reasons.

    It is provides enabeling support to miners and helps them build extra capacity. At this stage there isn't a need for extra capacity so....they dont need drilling (as much).

    To parden the pun...bly is the canarey in the mine. The mines start to slow and the first thing they do is slow expansion.

    But once they ramp up BLY will be dragged along for the ride.
 
watchlist Created with Sketch. Add BLY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.