BLY 0.00% $2.91 boart longyear group ltd

Share consolidation, page-65

  1. 998 Posts.
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    Net liabilities at 311m USD.
    Strip out the 104m of goodwill and that's $415m deficit.
    That's before you even start to begin writing down all the Plant and Equipment and Inventory - the market for drill rigs or drilling equipment won't be huge at the moment.
    My calculation would be that debt holders would be lucky to walk away with 20c in a dollar.
 
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