BCB 0.00% 6.0¢ bowen coking coal limited

Ann: Half Yearly Report and Accounts, page-2

  1. 4,903 Posts.
    lightbulb Created with Sketch. 4972
    A lot of things in this report but from a quick read, unfortunately the balance sheet is looking extremely stretched. $69.8M cash plus $16.5M receivables due, versus current liabilities of $169.7M of which a huge chunk is payables due:

    https://hotcopper.com.au/data/attachments/6032/6032882-4e4202c3735bde13ef4f97482f24c551.jpg

    https://hotcopper.com.au/data/attachments/6032/6032885-1a82d188c3d10b0b89dd0d5ffae356d7.jpg

    Seems like they’ll need another capital injection, or the state to agree to keep kicking the royalties down the road.
 
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