So with just $23m in the bank should SHers be bracing themselves...

So with just $23m in the bank should SHers be bracing themselves for a trading halt.
Don't forget a very large portion of BRLs assets are tied up in a joint venture and BRL needs to raise another $70m just to pay the court loss.
I am fairly confident the banks won't lend BRL $70m based on their 100% owned assets.
Would it be fair to say BRL's management team may appear to be somewhat arrogant........after the first court loss (now confirmed on appeal) they undertook a new joint venture, a share buyback and bought out contractors equipment to do the work themselves ($19m) ensuring at no stage did they have more than 1/3 of the court loss in the bank.
Does anyone else find this troubling given it happen after the court loss
Lets hope the bonds they owe don't have a clause in them saying they need to be payed if BRL take on to much debt.
A cash top up coming via a BT mining divi......but that maybe needed just for rolling capital now.

Interesting their hedging position is only about 15% of export production now.........has been as high as 28%.
Not sure given the price of coal has tumbled 50% in 8 months that this looks very positive for raising funds.
Banks won't like this low % hedging position that is for sure.
Not sure Talleys will be to keen to increase hedging positions at these low prices just for BRL's sole benefit.