BCB 3.45% 6.0¢ bowen coking coal limited

Ann: Half Yearly Report and Accounts, page-8

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    I might consider the $38M inventory although they’ve struggled with trains/shipping so it’s not necessarily that easy for them to (quickly) monetise it.

    I definitely would not consider the $70M rehab bond… this is a ‘non-current asset’, they can’t monetise it. You know what a rehab bond is, right? Same goes for the $8M security deposits - these are ‘non-current’.

    You can’t mix and match your current liabilities and your non-current assets…
 
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