It will defiantly come down to a technicality on the definition of shipping. Although it sounds like BRL are in the right - and LMCH are only coming in now AFTER the material acquisition of SE (all to convenient - as I mentioned back in December when the court papers were first filed - they could have come after BRL many months before they did - but why would you come to court asking for US40m from a company worth AU20m).
BRL also seem to have an excellent legal experience in this regard (they have fought much, much bigger battles after all!) so I don't think L&M have even a remote chance - but hey, they will known the coal market better than most and see a $2b company and so now they feel they have a chance to get some cash out of their investment - good on them for trying, its almost a complement to BRL (market probably missed that part).
There is a chance this will weight on the share price as it is an unknown in the future - where as the RCPS has been, done and gone (actually well over a year ago) where management followed through on what they said they would do.
Bot working hard again today I note.
It will defiantly come down to a technicality on the definition...
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Last
73.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $140.6M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 74.0¢ | 72.0¢ | $31.14K | 42.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7500 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 5996 | 1 |
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| Last trade - 15.45pm 30/08/2024 (20 minute delay) ? |
| BRL (ASX) Chart |