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0.8¢ bowen coking coal limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

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BullishBearish

2,160 Posts.

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23/10/23

18:02

Post #: 70490837
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Originally posted by mondyinvest: ↑

It's a bit of an unusual way to try and look at the business. Per the table (p9) that accompanies this comment, they are:
excluding royalties (see fine print)
stripping out the corporate (head office) costs
including a $12.1M GST refund

What is surprising to me is that even with 55% of production coming from met coal, their revenue still only matched their cost of production. And they got some shots-in-the-arm this quarter too, with no debt repayments due, a $17M injection from the JV partner and the $12M GST refund. I'm also surprised that excluding Bluff only improves the quarterly numbers by $3.8M. They had revenue of $40M from Bluff so that's going to drop out for the December quarter, and the $12.1M GST refund and $17M JV injection, and $4.1M from the last of the capital raise are not recurring. Where/how do people think this trades tomorrow?

Expand

Was only highlighting it as it's perhaps the first time such a sentence has been written in these quarterly's. As you've highlighted a lot of caveats. Though it appears they've only seen partial benefit of met coal price rises in the qtr. Yet to see a definitive dollar figure they're getting for their met coal product.
Last edited by BullishBearish: 23/10/23

BCB Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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