For true value to be realised, the company needs to plot a long term plan of profitable projects, and reorganise BT so that they can extract money from the JV. Neither of those are in place. We have one profitable mine with a shortish life and a bunch of domestic mines that don't make much money. And most of profits generated are locked in the JV and we can't pull them out (until Talleys plays ball).
Ann: Quarterly Report, page-21
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81.5¢ |
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Mkt cap ! $155.9M | |||
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