Bathurst Resources - BRL

[Newman]

Bathurst announced this morning:

"The cash balance was NZD$13.8m at 30 June 2013, excluding a $4m prepayment for construction work on the Escarpment Project."

While the cash balance is more than I expected, the announcement did not give any clue on how would the company raise capital for coal production from Escarpment if it gets resource consents.

[blackcap]

Bathurst announced this morning:

"The cash balance was NZD$13.8m at 30 June 2013, excluding a $4m prepayment for construction work on the Escarpment Project."

While the cash balance is more than I expected, the announcement did not give any clue on how would the company raise capital for coal production from Escarpment if it gets resource consents.

Good point because no way is $13.8m going to be enough is it?

[Newman]

Bathurst share price jumped 17% to 21 cents on NZX. Any explanation for this?

[blackcap]

No idea Newman... the vagaries of the market methinks or dare I say it insiders know something. It could just be herd mentality. Funny though that this share should move as it does on no news. Not complaining but bewildered.

[tosspot]

What a damn releif. was down 35% just a few days ago now up 5%

[macduffy]

Bathurst share price jumped 17% to 21 cents on NZX. Any explanation for this?

Probably just a speculative burst as the Buller project inches towards reality. After all, BRL is one of a very few NZX stocks that offer that sort of excitement!

[blackcap]

And they fall for no apparent reason whatsoever. Glad Im not trading this one, you just couldn't pick it

[blackcap]

Another step forward for Bathurst:

BRL
15/07/2013 08:30
MINE

REL: 0830 HRS Bathurst Resources (New Zealand) Limited

MINE: BRL: High Court Refuses Leave to Appeal

Please see attached announcement
End CA:00238565 For:BRL Type:MINE Time:2013-07-15 08:30:05

[Newman]

Another step forward for Bathurst:

BRL
15/07/2013 08:30

The final decision from the Environment Court would come out soon.

[karen1]

For those following, here is a link to the relevant decision: https://www.nzx.com/files/attachments/178260.pdf