I agree. There are in my view a couple of milestones for BRL :
1. Final completion of the purchase of the Solid Energy assets.
2. A period of successful and profitable operation of Stockton mine.
3. Increased production at Stockton.
4. Getting the escarpment going with the profits from Stockton-this has been tagged at 1mt p.a but there is no reason that it couldn't go to 4mt p.a as flagged a few years ago.
5. Other opportunities on the West Coast (as flagged by the Greens). If this is to happen it needs to be under a National government as they are pro employment for the West Coast.
Once these things happen then the share price will reach full potential. I'm of the view that this is a 5-10 year investment. I would have bet the house on it but my rule is no borrowing to invest (as my mortgage is gone and I want it to stay gone).
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81.0¢ |
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Open | High | Low | Value | Volume |
80.0¢ | 81.5¢ | 79.0¢ | $22.60K | 28.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12578 | 79.5¢ |
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Price($) | Vol. | No. |
---|---|---|
82.0¢ | 177555 | 3 |
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No. | Vol. | Price($) |
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1 | 25367 | 0.790 |
1 | 6410 | 0.780 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 22555 | 1 |
0.835 | 27759 | 2 |
0.850 | 24566 | 3 |
0.890 | 581 | 1 |
0.925 | 6000 | 1 |
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