Bathurst Resources - BRL

[trader_jackson]

http://www.asx.com.au/asxpdf/2017061...rhyvp0pq9k.pdf

The start of something very extraordinary.

Fantastic to gain this approval, it would be highly unusual not to receive OIO approval given this very key milestone now being achieved. Good timing as means the financial benefits (well, likely benefits - ie immense profits) will begin from day 1 of the new financial 2018 year.

You would like to think the share price would skyrocket in anticipation of the 400 or so imminent percent increase in production (with most of this being export quality met coal - much higher quality than the previous domestic, mainly thermal, coal BRL's existing operation is based on)

Even sounds like this approval was actually received a bit ahead of schedule - great news.

[RTFQ]

From a TA perspective, a defined triangle has formed, with a significant break to the upside imminent.

[trader_jackson]

From a TA perspective, a defined triangle has formed, with a significant break to the upside imminent.

Very interesting, thanks for letting us know.

Not long now till OIO must make a decision - lets hope they don't decide to delay it (like the ComCom like to do!)

[RTFQ]

After checking port schedule, on average there is 1 Panamax/month loading Met coal out of Lyttleton at around 40kt per load. If all that coal is currently coming from Stockton then at today's spot [ US $157/ton ] NZ $218/ton minus [ $120/ton????] to FOB, then 98 x 40,000 = NZ$3,920,000 profit/month. BRL starts taking the profit from SE coal sales as of 01JUL17. The $120/ton FOB is a conservative guess for extraction and rail costs, if any more accurate figures are available please advise.


TA perspective, another, smaller triangle forming with another significant movement either way this week my guess.

[jumbo]

40kt output for the month doesn't seem a great lot.perhaps they have a large stockpile waiting. solid energy produced at stockton including cyprees 978,982 tonnes last year and with brl aiming to produce one ml tonne a year plus,divided by 12 months =81,581 ton a month 2 shipments.even at $100 ton net would be nz $8,158,00 per a month=$97.96ml for the yearwith the prospect of further upside.Hopefully exciting times ahead with potentialy a big lift in the share price. jumbo

[RTFQ]

40kt output for the month doesn't seem a great lot.perhaps they have a large stockpile waiting. solid energy produced at stockton including cyprees 978,982 tonnes last year and with brl aiming to produce one ml tonne a year plus,divided by 12 months =81,581 ton a month 2 shipments.even at $100 ton net would be nz $8,158,00 per a month=$97.96ml for the yearwith the prospect of further upside.Hopefully exciting times ahead with potentialy a big lift in the share price. jumbo

I was going by ship movements, 2 departed mid June with the last of SE's coal I'm thinking. The next scheduled arrival around 22July and this maybe the first of BT Mining's coal. There could well be 2 ships a month planned but not showing on schedule yet.

[jumbo]

Ive been looking up stanmore on the asx, they traded around 10 cents for some time then moved up to 30/35 cents before shooting up to 84 cent thenpulling back to there running ave about 35 cents after aquiring a new mine. Although brl have 4 times the number of shareholders they are already making a profit domestically,and with solid energy producing one to one and a half ml tonne this share could soar.With brl's share price at 9 cents and with a 50 cent lift to 59 cents like smr got.fingers crossed exciting times ahead.

[blackcap]

Good volumes today going through mainly at 10 cents. That is bullish.
Locked and loaded at 1.6 cents, sold 1/5 at about 10 a few months ago, but holding onto the rest because there is great potential in this one.

[trader_jackson]

Impressive volume, and most through at 10 cents as blackcap has pointed out. A few trying to play Mr Funny with about 1% of the total volume of today going through at 9.9 cents on the close today... clearly someone just didn't quite want to see the price break into the 10 cent range... tomorrow could be interesting.
(some whispers going around?)


Always surprised me those (if any are still left) thinking they can get in at 2 cents... they had a chance to get in just 6 months ago at low 5 cents, but still, like they are today, probably thinking (likely now desperately hoping) it will come back to 2 cents.

[jumbo]

In a relay race the 2 centers usually get left behind. BRL has now picked up the baton from Solid Energy and are racing to the line to pick up their pot of gold and at the same time are producing and getting paid to get there. The share price at 10 cents is incredibly cheap considering they are producing now. I know we aren't quite there yet with the OIO's decision still to come but one has to be confident.