BRL 1.23% 80.0¢ bathurst resources limited.

Is 14 cents the tipping point for BRL?, page-2

  1. 1,524 Posts.
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    I think Mossie mentioned it will be 9c or so? but that was quite a few months ago.

    Why is the share price not higher? Coal just isn't 'in fashion' - because by almost any other metric (some of which you have mentioned above) BRL should not be trading this low. There are downside factors, like the court case and political risk, but these are very short lived and/or likely not as material as the market is fearing - at the end of the day, you can't apply (nor explain) rational fundamentals to an irrational market that only sees the worst case scenario for BRL.

    (It doesn't help that BRL themselves are very understated in their announcements, with basically the very bare minimum announced when there is one - they are almost feeding the 'down in the doldrum' feelings - eg where is a powerpoint slides explaining how how much they contribute to the west coast economy, jobs and royalties wise?!)
 
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80.0¢
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81.0¢ 81.0¢ 80.0¢ $48.02K 59.52K

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3 18728 79.5¢
 

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80.0¢ 1550 1
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