BCB 0.00% 5.4¢ bowen coking coal limited

They are reactivating pits and equipment that have been sitting...

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    They are reactivating pits and equipment that have been sitting idle and exposed to the elements for years. Probably underestimated time and money it would take to get things moving again. Annoying, as is the fact they can't use more Fitzroy capacity, but nothing dramatic and hopefully water under the bridge in a due time.

    Also note comments on investment in improved pit design, water management, and pre-stripping.

    Lastly: a big chunk of the recent capital increase is for prepayments to secure rail capacity. So working capital. They would not have needed the extra cash without the production delays and without the recent tax hike.
 
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