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75.0¢ bathurst resources limited.

Ann: Full Year Statutory Accounts, page-8

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5,620 Posts.

72

12/10/15

10:29

Post #: 16156580
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Originally posted by OllieB ↑

While anything is possible, I think the probability that Republic has bought on behalf of a bidder or that Republic bids itself at 0.01%.

Whereas I put the probability of BRL becoming insolvent or having to do a rescue capital raising at a major discount at 90%+ (I have written numerous posts on why and I focus on the facts).

BRL is different to most other coal stocks in that it is burning cash everyday due to its very poor thermal coal assets. It has already run out of cash and has had to sell assets to stay solvent. Given a lot of the assets are secured against bank loans, it won't be able to do this for much longer.

The downside from here is still 100%. If I was long, I would be praying for a big rallying the coking coal price so BRL can do a rescue raising at higher than 1.4 cents.

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Republic increasing its holding & now director buying.......looks positive.

Why the aforementioned activity if (according to your analysis) BRL is in big trouble.

BRL Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 75.0¢		Change 0.000(0.00%)		Mkt cap ! $143.5M

Open	High	Low	Value	Volume
75.0¢	75.0¢	75.0¢	$6K	8K

Buyers (Bids)

No.	Vol.	Price($)
1	26747	73.0¢

Sellers (Offers)

Price($)	Vol.	No.
74.0¢	25508	1

View Market Depth

No.	Vol.	Price($)
1	26747	0.730
2	1215	0.630
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.740	25508	1
0.750	35319	1
0.780	8483	1
0.785	3532	1
0.790	10000	1

Last trade - 09.59am 08/10/2024 (20 minute delay)

BRL (ASX) Chart