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Boart Longyear drops 8 per cent after bad year-end

Michael Allan McCrae | February 18, 2013 | 7:50 pm

Despite a new CEO announcement, Boart Longyear (ASX: BLY) dropped 8.18% to $1.97 on Monday after announcing year-end results. The drilling company worried analysts by showing 122% increase in debt, $512 million in 2012 compared to $231 million in 2011....