Bathurst Resources - BRL

[trader_jackson]

Very short signed poster(s) indeed some are - but then again the market is often, if not always, very short sited as well - they want results now, and if that result (or outcome of a court case, in this case) is negative, so will the share price reaction. And unlike some other stocks on lofty valuations, the 'story' behind BRL, being "dirty coal" is far from strong enough to keep the share price from falling.

Bigly profit announced today - all good stuff from all divisions of BRL. Share price still way down from 20c it hit earlier this year - no doubt the uncertainty over the court case is the only thing in play here - literally everything else is good.
But Mr Market doesn't like uncertainty, and will treat such uncertainty on a beyond worst case scenario... until some certainty can be found. Sad for holders, such as myself, as commentary would have indicated a nice dividend (a cent or two) had the court case uncertainty been mitigated.

Patience is a virtue.

Ironic one very particular poster denied holding any BRL at any stage during his various posts - and then later disclosed he had held various times for trading. This same poster refused to apologies for numerous inaccuracies, including a 25% error in the amount the court case was for, and instead just "goes on fishing trips".

[stoploss]

surprised BRL can't supply this ????

https://www.nzherald.co.nz/business/...ectid=12142337

[blackcap]

surprised BRL can't supply this ????

https://www.nzherald.co.nz/business/...ectid=12142337

I'm guessing its because they use thermal coal, and BRL have mainly coking coal? BRL also have to supply Fonterra and if Genesis are using more coal than they budgeted for (the bit that BRL provides) maybe they do have to source it from elsewhere?

[t.rexjr]

Quarterly out. https://www.asx.com.au/asxpdf/201901...qy3tykvzf4.pdf

Another upgrade, +12% to $105m

30.6m cash (after fleet purchase and buybacks)

Court of Appeal due for June (Win, massive upside. Lose, expected hiccup and more than priced in)

Crown Mountain encouraging (Read JAL releases for actual insight)

CAPEX improvements

Rotowaro now owner operated

Likely to be more EBITDAF upgrades to come

Buyback ticking along nicely

And share price that no where near reflects earnings

Nothing to see here...

[trader_jackson]

Quarterly out. https://www.asx.com.au/asxpdf/201901...qy3tykvzf4.pdf

Another upgrade, +12% to $105m

30.6m cash (after fleet purchase and buybacks)

Court of Appeal due for June (Win, massive upside. Lose, expected hiccup and more than priced in)

Crown Mountain encouraging (Read JAL releases for actual insight)

CAPEX improvements

Rotowaro now owner operated

Likely to be more EBITDAF upgrades to come

Buyback ticking along nicely

And share price that no where near reflects earnings

Nothing to see here...

And the share price went down yesterday, now at 11.5c. A 180m market cap for a company with over 105m EBITDA
Just ridiculous

And the court of appeal hearing has now been pushed back 3 months - man those guys and L&M must be getting sick of getting nothing done while BRL are raking in the big bucks... a part of me hopes L&M do win (again)... they have waited so long and tried so hard (it will be 3 years between when they first lodged legal proceedings vs when they MAY get a win)

[t.rexjr]

Buybacks will resume today I'd imagine, so should be back to 12c

Rediculous indeed.

[100101]

Absolutely amazing that some 4,135,443 shares can change hands after a good result and the share price stays at 12 cents.
This really does show the huge lack of trust that buyers have in the company.
Conversely it also shows that the company is working to its own game plan which doesn't include any favours to its current shareholders.
The message is hold at your own risk or get out with a bit of profit now as it will be a very long haul until the price rises further.
Very sad.

[t.rexjr]

Absolutely amazing that some 4,135,443 shares can change hands after a good result and the share price stays at 12 cents.
This really does show the huge lack of trust that buyers have in the company.
Conversely it also shows that the company is working to its own game plan which doesn't include any favours to its current shareholders.
The message is hold at your own risk or get out with a bit of profit now as it will be a very long haul until the price rises further.
Very sad.

Reckon you're applying too much belief into your price action philosophy.

"Lack of trust that buyers have"? 4,135,443 buyers putting money into a company they don't trust?? Well ain't them buyers nincompoops then...

It's a mining company exiting speculative/fallen angel status, with a court case hanging over it's head, a wonky government, no div payment, a product that has a history of volatility and no near term sure catalysts to complete it's transformation from spec to income stock . Sounds risky?

Not so much...

Personally I think management has done extraordinarily well for share holders. Two years ago BRL was a bust. Today it's churning out 100m+. Near debt free. Planned expansion into Canada (which at this early stage looks very promising). Improved operations. Prudent buyback strategy...

Could care less about lining sellers pockets. Sp will float around in the abyss with sellers selling to buyers until one day the coffers doth overflow into holders pockets. Those holders will be far from sad, more so glad they had the bravery to add while the mad sold shares due to a philosophy that was bad.

[yabster]

yep making alot of money vs market cap- pe of 1.8- if that continues a dividend will be paid and or more buy backs- court case is a pain but max $40m? - major issue is met coal prices but seem to have an ok outlook.

[100101]

Ah see that Asian dragon downsized selling 16 mil shares odd - perhaps this is where the bulk of Bathursts 13 mil buy back came from.