BLK is promising but .....accuracy folks Cash is $3.8m with a...

BLK is promising but .....accuracy folks

Cash is $3.8m with a Standby Equity facility of $39.9m (not used because of the unsuccessful Russian bid) it is unclear if this can be drawn on at any time and included equity.

Check out the partners Wesfarmers and their subsidary Premier Coal - apart from the announcement of the MOU their is nothing else in the most recent WES corporate presentation. Premier Coal doesn't even mention the Scadden prospect in their corporate summaries. Therefore this "big" partner may not know what the hair on the tail is proposing (or is keeping very quiet) for CTL etc. Bit odd for a multi $b prospect not to be even detailed in the upcoming strategy.

Plant for CTL is potentially years away (as with the others current promoters with the exception of Linc)

Plant will cost hundreds of $M to develop (even for BLK's share) - BLK worth around $10M either ....so either...lots of debt or lots of dilution - cant see WES funding it and not wanting more of a stake.

more likely a buy out prospect than a producer imho

I still agree though its currently cheap and will go higher - probably on monday with all you fine folk chasing it.

All others are similarly in the same boat just a little more expensive.


just some thoughts