BRL 3.57% 72.5¢ bathurst resources limited.

Bathurst Debt Free, page-11

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    From the unaudited consolidated HY report (RHS) there is ~23.5m (BRL share) of borrowings within BT Mining. It could be lease liabilities. It could be actual debt. One will not get an answer looking at this because there are no notes in the unaudited consolidated financials both in the half or full year reports. On the other hand there is ~24m in extra cash within BT (BRL share)

    The question is why they are not fully consolidating it anyway if they own 65%? Do they not have full control? This opacity could contribute to the company's discount vs other coal companies.


    NB The Annual Report shows a ~28m difference.

    https://hotcopper.com.au/data/attachments/4347/4347170-c8e303a901986a67876e90909216c1a3.jpg

 
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