The Distillery: Boart's bung year

Jotters detail the speed and magnitude of Boart Longyear’s downturn, but one says the market responded calmly relative to the weight of its problems.

Boart Longyear scared the bejesus out of investors yesterday and two commentators underline the startlingly negative aspects of their results that stand out even from the rest of the downtrodden mining services sector. Also in company news, the ongoing strategy of Caltex Australia gets some attention.

The Australian’s John Durie writes that Boart is at the “edge of a cliff”, with its hopes of survival pinned to a stronger mining outlook or copping a higher interest rate.

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