The Australian, 18 Nov 2019. Another matter QCoal is dealing with in the current 2020 financial year is the ASX-listed Bounty Mining, which Wallin’s company has entered into a facility agreement with to provide cash funding of $60m and lend it another $30m in return for securing an offtake agreement for 5 million tonnes of coking coal from Bounty’s Cook Colliery facility in Queensland.Bounty has a market capitalisation of about $19m and is one of several emerging ASX-listed mining stocks that Chris Wallin has shares in. Picture: Marshall SarahWallin owns 6.54 per cent of Bounty shares, which are down 44 per cent this year. ************ So will Wallin's QCoal buy the remainder of Cook for a song and go again, one would have to assume so. He didn't tip 90M in there if he didn't have a plan. The recently upgraded rails etc nicely paid for by Bounty. If only we could invest in Q Coal...
Just my two bobs worth, I don't own shares in B2Y but I have an active interest in the QLD coal sector and other miners are in my portfolio.
Regards to all
B2Y Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
