Quote Originally Posted by trader_jackson View Post
I think this stock, despite depressed coal prices, is still seriously undervalued.

Next report/update must be out within the month maybe? Should confirm cash flow positive and show impact of dropping dollar... Both good things for the company.
Well, it certainly is not all doom and gloom. Interesting is that the NZ$ price for hard coking coal hardly dropped this year - the falling US$ price is nearly compensated by the dropping NZ$. Throw the low oil price environment (lower operating and transport cost) into the mix, and we could even identify a silver line at the horizon ...

However - given the price of the BRL shares - they are at current basically an option on coking coal. If coking coal goes over the next 12 months up in a meaningful way, than this will turn into a multi-bagger. If it stays low for more than another year or so (when the Westport customer closes its premises), than we can probably say good bye to any residual share value.