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1.2¢ bowen coking coal limited

yep a certain poster who we all know needs to take a long hard...

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profitjunkie

188 Posts.

49

02/11/23

11:18

Post #: 70685541
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Originally posted by mondyinvest: ↑

Anyone following the threads here would know a few posters have copped a fair bit of vitriol for daring to allege Bowen weren't going to make it without having to defer debt or tap the market again. This latest unfortunate raise really settles it - and amazingly they've had to defer debt, close Bluff, and tap the market.

By my numbers (here: https://hotcopper.com.au/posts/70164867/single), if they do raise $50M at 9c then in just over a year they will have done four capital issues for proceeds of $195M. The problem is they have completely blown out the company structure; they went from 1.558B shares on issue to 2.21B shares up to today. If the AFR is correct then they'll be adding another 555M shares just to raise $50M. Hopefully nobody is still listening to those ridiculous 29c TP reports from Shaws...

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yep a certain poster who we all know needs to take a long hard look in the mirror and ask if their attitude is right for investing in public markets

i would say based on their previous posts, probably not

well done on calling this well ahead of time, even if it was a little obvious

Last edited by profitjunkie: 02/11/23

BCB Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
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