Australia's largest stock trading and investment forum Australia's #1 stock forum

BRL

Click for more information

1.38%

73.5¢ bathurst resources limited.

Simple answer to royalty payment is NO. Pay higher royalty until...

First 36 Last

Share
Profile

Follow
Cattery

376 Posts.

46

20/08/18

10:26

Post #: 35030885
Share

Originally posted by investor_jackson ↑

I am surprised, and slightly frustrated that nothing has been announced yet - and the fact neither party seem to have come out swinging makes it even more intriguing - maybe a compromise is being worked out as we speak?. Both parties have known for days and I would have thought in this democratic society the judgement would have been released to the public soon after (ie late Friday or early today) it was

released
to the parties involved.

As for the specifics of the court case itself, my view was that BRL could either pay US $40m OR [or being the important word] elect (instead of that payment) to pay a higher royalty rate instead - they had paid this higher royalty rate for years (as BRL's annual reports show), although obviously this doesn't amount to much as hardly any coal was mined - so do they get this higher royalty rate they paid back if they have to pay the $40m USD?

Expand

Simple answer to royalty payment is NO. Pay higher royalty until performance fee is paid.

BRL Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

EBR

EBR reaches review milestone for wireless cardiac pacing device

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

There are more pages in this discussion • 46 more messages in this thread...

First 36 Last

Add BRL (ASX) to my watchlist

(20min delay)
Last 73.5¢		Change 0.010(1.38%)		Mkt cap ! $140.6M

Open	High	Low	Value	Volume
74.5¢	74.5¢	72.0¢	$201.0K	274.6K

Buyers (Bids)

No.	Vol.	Price($)
1	4987	73.0¢

Sellers (Offers)

Price($)	Vol.	No.
74.0¢	16000	2

View Market Depth

No.	Vol.	Price($)
1	4987	0.730
1	9500	0.725
1	25	0.650
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.740	16000	2
0.750	26666	1
0.790	50000	1
0.800	28279	1
0.815	6538	1

Last trade - 15.41pm 29/08/2024 (20 minute delay)

BRL (ASX) Chart