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14/11/24
11:56
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Originally posted by RVR:
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Well, do we agree about survival now? ”BCB’s Chief Executive Officer, Mr Daryl Edwards, said: “The execution of the revised debt agreements with our lenders provides the Company with debt repayment headroom on the back of securing additional liquidity for the business during the transition from Ellensfield South to Plumtree North. Plumtree North is planned to provide run-of- mine coal for the next five years. The Burton operations are performing well with steady-state production and ample stockpiles and we are grateful to our financiers for recognising this and participating in the equity of the Company. The team has worked hard to achieve steady-state operations at the Burton Complex and made great strides in addressing costs across the board. Our focus remains on our ongoing cost reduction and performance improvement plan to drive further savings in the face of recent coal price reductions.”
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That sounds promising and is in-spite of this nastiness I spotted this morning;Bowen Coking Coal Price Target Cut 20% to A$0.04/Share by Shaw & Partners