BRL

3.45%

70.0¢ bathurst resources limited.

just a learner here... when you mention SE assets generating $4m...

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01/09/17

09:04

Post #: 26919492
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Originally posted by investor_jackson ↑

http://www.scoop.co.nz/stories/PO1709/S00004/stockton-mine-changes-hands-in-a-terrible-deal.htm

Share price has yet to even get close to remotely appreciating the unbelievable 'steal' BRL has on its hands - for starters, the market seems to have missed the huge cash generating potential of SE's assets, alongside an already announced step up in BRL's own production.

Next 2 weeks will be very interesting - no doubt BRL are talking with bankers (and bankers are only to happy to talk with BRL!) about getting debt to finance the remaining, relatively minor, amount left (given SE's assets are generating 4m of cash flow per month!). Could well mean the convertible notes and RCPS originally issued to help fund SE are no loner needed - what I would much rather prefer is a 1 for 5 rights issue where BRL would easily get 20m+, whilst rewarding those who already hold shares, which no doubt includes most of the 'sophisticated investors' who make up those RCPS and convertible notes - an ultimate win for everyone although it would punish those who are waiting for a so called impending crash created by dilution - however, as I've already stated my price target in 6 months of 18 cents, even if with full dilution the shares are still worth at least 24% more than yesterday's closing price - in my view!

The excitement really does continue, and I wonder if the share price/trade volume change today will reflect the monumental acquisition, coupled with the potential for a very much reduced dilution (a worry that has been holding the share price back lately I reckon

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just a learner here... when you mention SE assets generating $4m cash flow for BRL per month - you're talking profit I assume...

BRL Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 70.0¢		Change -0.025(3.45%)		Mkt cap ! $133.9M

Open	High	Low	Value	Volume
71.0¢	73.0¢	70.0¢	$14.55K	20.66K

Buyers (Bids)

No.	Vol.	Price($)
1	52	70.5¢

Sellers (Offers)

Price($)	Vol.	No.
73.0¢	24314	1

View Market Depth

No.	Vol.	Price($)
1	52	0.705
1	1809	0.700
1	1435	0.695
1	4379	0.685
1	30	0.680

Price($)	Vol.	No.
0.730	24314	1
0.755	30000	1
0.780	2200	1
0.800	43612	4
0.815	6538	1

Last trade - 15.06pm 01/11/2024 (20 minute delay)

BRL (ASX) Chart

just a learner here... when you mention SE assets generating $4m...

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just a learner here... when you mention SE assets generating $4m...

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