re: Ann: Market Update - Proposed Settlement ...
It's very hard to see something moving the share price any time soon. We have good proven reserves, rail and port access, no debt and cash in hand. I dont think that even a major discover or upgrade in current reserves 'will move the share price due to the sentiment towards coal. Fortunately we do have the cash to last a little while which will hopefully last long enough to see that change in sentiment. Reminds me of the GFC when all the big majors sold there coal assets laid of heaps of workers like it was the end of coal and then BANG coal boomed again. hopefully history will repeat its self... Does anyone know how much money we're burning a month???
BWD Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held