I would think otherwise... the revenue remain flat but the debt is still rising ($3m more and that exclude the accumulated interest), at this rate I am afraid Boart will struggle to pay down debt at least in this year. Please remember we are in one of the best quarters for gold.
I am not sure what people will think about this 300:1 share consolidation, normally such move only bring in negative response but I don't know if this is the case for Boart
BLY Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
