If you are interested, there is a lot of discussion on BRL on the hotcopper site.
I don't think BRL will need to capital raise for a while if ever. EBITDA of about $100m this year.
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Thanks - whats holding back the share price?
Thought I'd better top up gain at 12 cents. Who knows there may be another top up later.
This company has insanely strong financials to support the SP.
Company now trading at 2 x expected EBITDA.
Unfortunately it appears the market place is making a judgement on the management.
Recent court case went against them, $40 USD plus cost plus interest.
According to BRL's ann's as of 30th June 2018 they had $20m NZD cash freely available.....a bit short of what they owe for the court defeat.
I find it most interesting that the CEO of the company when this deal was agreed too back in 2010 was a key witness for the opposition.
According to the court documents BRL 's own internal communications have tripped them up as well.
No wonder late last year they appealed that their internal communications should not be used in the court case...this of course was quite rightly over ruled by the judge.
The resounding loss with full amount claimed plus interest and court cost awarded to the winner and other facts referred to leads me to believe the defense may have been more ego driven than factual.....just an opinion.
A great result as we knew it would be. I wonder if the increase in the NZ operations is in part due to Solid Energy's demise? Perhaps th ejump is a one off.
Have given the HC BRL site away due to that really stupid poster.
Which stupid poster are you talking about? If a share comes out with a "great result" and the SP falls from 16 to 11 in the preceding 2 months I think there is more at play. The stupid poster on the HC site is knows more and does his research well. I like having a bit of balance as a holder in BRL because its good to see all sides of the coin.