BCB 5.56% 1.7¢ bowen coking coal limited

Ann: Completion of sale by BCB 10% of Broadmeadow East Mine, page-17

  1. 745 Posts.
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    Mondy do you believe some holders “close” to the company get a hint on the progress more so than the retail punter. In which case judging on market activity over last 4 weeks of high turnover and declining value it will be a poor quarterly. Let’s see. Would be a pleasant surprise to see a very good report. They have no excuses this quarter. Nothing in the macro sense should indicate a reason to sell off. Met coal prices have held up. No rain. Even other mine closures to assist with rail and port. There should be a decent margin (based on their own guidance) and enough to service more than debt. Those selling can’t be dumping on known facts.
 
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