The only way is up for bottomed-out Boart

The downturn in commodity prices has hit Boart Longyear hard, but the flattening out of the mining sector's downturn should give investors and the company some cause for cautious optimism.

Given that it had foreshadowed its first half results a fortnight ago, the Boart Longyear result contained no real surprises, other than that it still has the support of its bankers.

Boart Longyear is one of the most dramatic examples of companies side-swiped by the reaction of the big miners to the downturn in commodity prices. It has been savaged.

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