Bathurst Resources - BRL

[barleeni]

If BT Mining is not publically listed, I guess that means they aren't required to give market updates? Thoughts? Surely BRL must have a very good idea of how the first few months of operating Stockton is going. I would have thought rules of disclosure would have required them to provide an update by now perhaps?

[yabster]

Hi Trader- Gross profit is not used to calculate EPS- net is ie after tax and interest - which there will be a far bit of as the the convertibles and rcp's are at 10% from memory. So really depends on the dilution - worst case full dilution 1.9 billion shares best case 986 million.
Whitehaven has a pe of 8.8 so a pe of btwn 8-10 would be in the ball park. So if we take 62 million gross (have seen calcs from $50m to $100m+) -less tax @28% and finance costs 26m @ 10% (until paid off) - net could be around $43m a eps either 2.2 cents (full dilution), no rcps conversion, 3.3, no dilution 4.4- giving a share price of 19c, 29c or 39c using a pe of 8.8. So a large spread -and shows until we know the dilution and given further guidance it is hard to value. Happy to get feedback on my figures- disclosure not holding but have a buy order in.

[stoploss]

Purchased a few extra at .16 last week , trimmed it back a little @ .18 today .
Nice steady week , still in for the ride .

[trader_jackson]

https://www.nbr.co.nz/article/bathur...vival-b-207566

good article, share price finished at 17.5 cents.

[tim23]

Was a good read wonder what target price analysts have?

[blockhead]

Was a good read wonder what target price analysts have?

What gives with the 8% drift ??

[blackcap]

What gives with the 8% drift ??

Could be just demand and supply or punters are getting worried the company is not going to exercise its one off option to repurchase the RPCN's? Only a day to go for that to be a possibility.

[blockhead]

Could be just demand and supply or punters are getting worried the company is not going to exercise its one off option to repurchase the RPCN's? Only a day to go for that to be a possibility.

Whatever it is they are getting a bit more worried now than an hour or so ago

[t.rexjr]

Whatever it is they are getting a bit more worried now than an hour or so ago

http://www.asx.com.au/asxpdf/2017091...rrlygcbp95.pdf

Should see a recovery tomorrow then if it was doubt starting to creep in. I know I had my finger on the sell button all day.

Common sense/lack of risk aversion then took hold and threw some last minute coin at it instead. Will see what tomorrow holds...

[blackcap]

http://www.asx.com.au/asxpdf/2017091...rrlygcbp95.pdf

Should see a recovery tomorrow then if it was doubt starting to creep in. I know I had my finger on the sell button all day.

Common sense/lack of risk averion then took hold and threw some last minute coin at it instead. Will see what tomorrow holds...

Going to get slammed tomorrow. Down to 10 cents maybe. Directors have a lot to answer for.