Yes, but that’s not the whole story, as explained below.
Shaws confirmed a BUY rating on BCB in its report issued yesterday, and commented as follows:
”We have a positive view on coal markets, and Bowen (now) has a clear pathway to positive cash flow. Production should rise to 4-5 Mtpa over the next 2-3 years as the company develops the Ellensfield South and Lenton resources, and there are growth opportunities at Hillalong………Global steel production is continuing to grow in line with global GDP, and is particularly fast growing in the developing world (eg, India).”
And so on. The only significant reason for the reduction in the BCB price target from 32c to 29c was the dilution which will be caused by the issue of new shares to NHC under the terms of the new debt facility agreement announced last week.
- Forums
- ASX - By Stock
- BCB
- Ann: Agreement on revised debt terms
Ann: Agreement on revised debt terms, page-13
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCB (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $170.8M |
Open | High | Low | Value | Volume |
6.1¢ | 6.1¢ | 6.0¢ | $228.4K | 3.772M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 824158 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 20864 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 774158 | 0.060 |
4 | 393792 | 0.059 |
3 | 277501 | 0.058 |
1 | 50000 | 0.056 |
6 | 370555 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 20864 | 1 |
0.062 | 287000 | 3 |
0.063 | 129214 | 1 |
0.064 | 209180 | 3 |
0.065 | 246067 | 5 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
6.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
6.2¢ | 6.2¢ | 6.0¢ | 1012273 | ||
Last updated 15.59pm 17/06/2024 ? |
Featured News
BCB (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online