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1.2¢ bowen coking coal limited

Everything seems to always be “at a bad time for BCB”. I’m not...

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Clybigz

630 Posts.

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27/03/24

12:24

Post #: 73081532
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Originally posted by hightrax: ↑

There has been a US $25 ton fall in ultra-prime coking coal Australian futures price. in last few weeks. This is at a bad time for BCB, on top of the big impost of Qld State royalty from a cash strapped bunch of mis-managers in the Qld ALP. Its about US$275 ton at the moment, but it has come at the end of the March Q which has generally seen better prices.
Think the multiple imposts of deferred royalty payments and current ones will result in about a A$25 m bill, but expect this will be well able to be afforded this quarter. This might have been overcompensated for by the price drop, but coal markets are very cyclical and volatile. Lets hope this little boat can weather the big sea OK.

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Everything seems to always be “at a bad time for BCB”.
I’m not too concerned about the royalty payments - I’m concerned that our management can’t seemingly get their heads around the necessity and or ability to lower their production costs.

BCB Price at posting: 4.6¢ Sentiment: None Disclosure: Held
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