Ann: Quarterly Activities Report, page-14

First 14 Last

Share
Profile

Follow
VascoBlack

1,323 Posts.

180

30/07/18

09:11

Post #: 34618142
Share

Originally posted by investor_jackson ↑

I have never seen a company continually churn out positive news, whilst having a favorable backdrop (eg robust coal price outlook, dropping exchange rate) but resulting in the share price (almost) continually not react (ie flat), or even react negatively (ie drop).

BRL confirmed they have beaten guidance for a 5th time (among many other positives in the past year - as well as the future looking very robust: EBITDA looks likely to be over 100m for FY19) and... the share price has gone down - in fact briefly it was the lowest it had been in a month.

Clearly there are other factors outside of BRL's control that must be weighing on the mind of Mr Market. The court case? Clearly... and as some have stipulated, the convertible notes. In some ways, I just wish the sophisticated investors holding these shares would convert and dump on market now - a bit like the court case, just get it over a done with! Frustrating that the share price is arguably being artificially held lower.

At least it is good to hear we should know the first judgement of what could be a long drawn out battle within the next month.

The good news for investors such as myself is that these unfavorable uncontrollable external factors won't go on for ever, it is just a matter of time before the market figures out that actually the shares are worth well north of 20c even after all shares are converted, and that actually they can pay the court case. It is a shame Mr Market views BRL as a glass half empty / very differently to other coal or mining companies.

As they say, patience is a virtue.

Expand

So BRL is in a negative "Bubble" Price is less than the fundamentals because it already values in negative court outcome and exercise of preference shares + past history.

BRL Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

TMG

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

TLX

Telix sinks as US regulator SEC issues subpoena over claims

ASX Market Close: Iron awe keeps the XJO tracking along

First 14 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 83.0¢		Change 0.045(5.73%)		Mkt cap ! $199.1M

Open	High	Low	Value	Volume
78.5¢	83.0¢	78.5¢	$150.6K	187.4K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	9199	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.780
2	1491	0.735
2	501350	0.730
1	25000	0.710
1	25000	0.700

Price($)	Vol.	No.
0.830	9199	1
0.845	100	1
0.850	33000	2
0.855	1170	1
0.900	25000	1

Last trade - 16.10pm 23/07/2025 (20 minute delay)

BRL (ASX) Chart

Ann: Quarterly Activities Report, page-14

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Telix sinks as US regulator SEC issues subpoena over claims

ASX Market Close: Iron awe keeps the XJO tracking along

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Activities Report, page-14

Top Stories

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Telix sinks as US regulator SEC issues subpoena over claims

ASX Market Close: Iron awe keeps the XJO tracking along

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News