The 5.7c share price today was a shocker — an all-time low. For the contrarians, however, here are a few comments and glimmers of hope (based on well-placed sources, whom I cannot/will not disclose).
(1) January was a bad month, with production levels affected by heavy rainfall.
(2) Production is back on track in February (and likely in March), but timely shipping remains a challenge.
(3) For the current quarter as a whole a break-even result seems most probable (unlikely to inspire a share price revival!). That said, the cash balance remains relatively strong (was $70m at end December).
(4) The outlook for Q2 is much more favourable: at current coal prices BCB should (finally!) be delivering strongly positive cash flow.
Patience will be rewarded here, I believe — but I wouldn’t blame any who are tired of waiting!
The 5.7c share price today was a shocker — an all-time low. For...
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $153.5M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.7¢ | 5.3¢ | $78.20K | 1.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43122 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 173880 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
0.000 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.7¢ | 5.3¢ | 166623 | ||
| Last updated 15.58pm 10/05/2024 ? | |||||
| BCB (ASX) Chart |