Bargains For The Brave In The Mining Services Sector
The New Criterion’s Tim Boreham highlights several mining services contractors, large and small, and their potential at this time.
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Boart Longyear is headquartered in Salt Lake City, Utah with regional offices and operations located in Asia Pacific, North and South America, Europe and Africa. The company is publicly listed on the ASX (Australian Securities Exchange).
The New Criterion’s Tim Boreham highlights several mining services contractors, large and small, and their potential at this time.
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When a stock is trading at a fraction of a cent, it’s usually a message for investors to abandon all hope and sell for the tax losses while they can. But ‘penny dreadful’ shares can sometimes rise from the ashes.
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The slow recovery in the fortunes of contract drilling services group, Boart Longyear continues apace, the company reporting solid figures yesterday for the first three months of 2019.
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More losses for struggling drilling services firm Boart Longyear as it struggles to meet the pressures from the extended downturn in mining and exploration.
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Believe it or not Boart Longyear (BLY), the struggling drilling company, the one with more than nine lives and escapes from near ruin in the past few years – now survives to live another year, judging by its full year report yesterday.
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Embattled drilling group Boart Longyear (BLY) has bought itself another couple of years’ survival after shareholders yesterday approved the final step of $US342 million recapitalisation plan from a big US financial group.
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Did we hear shouts of joy from long suffering shareholders in struggling drilling services group Boart Longyear (BLY) in the wake of a $US352 million recapitalisation plan revealed before trading on the ASX kicked off yesterday?
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Of the two messages issued yesterday from struggling drilling group, Boart Longyear (BLY), the market picked up on the most obvious – that the company faces a possible implosion in the next year if things don’t change and it’s not recapitalised.
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Shares in stricken drilling contractor, Boart Longyear (BLY) surged (yes surged) yesterday after the company’s credit rating was again downgraded – this time by Standard & Poor’s.
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It was another day of grief for the remaining shareholders in the world’s largest drilling company, Boart Longyear (BLY), which revealed yet more bad news.
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