The more I look at the cash flow statement and balance sheets the more it looks like they are kicking the can down the road in the hope that coal prices recover. It looks to be happening since the end of their first quarter with B&D.
If coal prices don't recover in the next year it will be hard to hide this creative accounting. All you are doing is deferring the inevitable. Fingers crossed.
Take my posts sometimes with a grain of salt because i trust nobody.
Coking and Thermal coal prices...where are we going?, page-531
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