I would have thought given the figure that is being sued for is...

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xmanrocks

3,212 Posts.

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19/12/17

14:53

Post #: 29741462
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Originally posted by viney402 ↑

" nor do they have a material lawsuit pending and last time I checked "

I am not quite sure how to interpret this: but want to make it clear they are not being sued for $40m in damages of any sought. They are being sued as a timing issue around a $40m payment that is sue and payable when 25000 tonnes of coal is "shipped" from the escarpment.

I just take issue with the word "material" for an amount that is owed without dispute. It is only the timing of the payment that is in dispute. Now would be a better time to raise the funds than 12 months ago and many of us believe not as good a time as 12 months hence.

Perhaps the timing is material, The amount is definitely not in my mind

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I would have thought given the figure that is being sued for is approx equal to 25% of the companies current market cap it could be reasonably construed as material.

Last edited by xmanrocks: 19/12/17

BRL Price at posting: 13.5¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 83.0¢		Change 0.045(5.73%)		Mkt cap ! $199.1M

Open	High	Low	Value	Volume
78.5¢	83.0¢	78.5¢	$150.6K	187.4K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	9199	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.780
2	1491	0.735
2	501350	0.730
1	25000	0.710
1	25000	0.700

Price($)	Vol.	No.
0.830	9199	1
0.845	100	1
0.850	33000	2
0.855	1170	1
0.900	25000	1

Last trade - 16.10pm 23/07/2025 (20 minute delay)

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I would have thought given the figure that is being sued for is...

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