OIO Approval/Happy Day, page-20

Well what a day it has been a few big announcements, a few more ticks in the book:
- Good operations during the 4th quarter
- Guidance this time last year was 330k production, achieved 331k
- OIO approval (the last hurdle)
- Annoucement that they are evaluating "the enhance the Denniston integrated mine plan" - an indicator that this once 300m odd dollar asset could be (finally) put to use
- This coming year should see production (bathurst shares) be around 1600k, a 483% increase
- 6.5m shares traded, with over 43% of those 11 cents or over
- share price finished at 11.2 cents, an all time finishing price high (I believe)
- Proceedings by L&M Confirmed - actually good news because it finally settles any uncertainty regarding if or if not - sounds like BRL are extremly confident, while L&M are struggling desperately to find a reason to try get their 40m odd, hence while it has taken a while


BRL's current domestic assets are probably worth 100m, BRL's Denniston asset is likely 300m, Solid Energy was once worth $1.5 billion, most of that attributable to Stockton... we are quite possibly looking at a $1.4 billion dollar company in the making (SE also use to produce 85% of NZ's coal - another fun fact). $40m one off hit (I think), worst case (likely alot less if settled), should L&M win isn't much for a $1.4b company - this could give us chance to buy on any retail panic that might occur due to this.


Some continue to sit on the side lines 'waiting for the right moment to jump in or something, even more probably don't even know of Bathurst's (or BT Mining's) existence... the share price has nearly doubled in less than half a year, and if you've been reading this thread already and haven't jumped in at least a little, you'll likely keep on waiting for it to double again in the next half year.

An overall great day.