Well, to be fair, you should also consider the following cash-like ASSETS:
- A$38m inventory at cost
- A$70m rehab bonds
- A$8m security deposits
And let's not forger A46m of current liabilities are (mostly) state royalties.
Two parties could and should make a big difference in helping BCB get back on track: the Queensland government and BUMA.
- A sensible Queensland government (not a given!) could do a lot to help BCB and save 400 jobs. Keywords: rehab bonds and royalties.
- Obviously, the contractors (HSE for Bluff and BUMA for BME and ES) didn't do a great job here. Bluff is water under the bridge but BUMA's work at the two Burton mines is ongoing. BUMA has a fairly big and probably very profitable contract to lose. Wouldn't it be sensile for them to share some of the pain to keep BCB alive?
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Well, to be fair, you should also consider the following...
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