BLY boart longyear group ltd

the rerating of bly

  1. 2,146 Posts.
    If you look at an 18 month chart of BLY you can see just how much room for a rise there is. Ok it may not reach the highs of $2.20 with the extra dilution of shares, but $1.50 isnt out of the question.

    For the last few months we have had a 'gridlock' in the buy and sell market depths. However it looks like the heavy selling is over and so we can now expect a solid re-rating to 50cents in the near term IMHO

    Raving1
 
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