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73.5¢ bathurst resources limited.

Surely BRL have their $100M in their legal entity not the JV.And...

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Jonnyash

1,317 Posts.

118

22/11/22

22:29

Post #: 64928503
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Originally posted by xmanrocks: ↑

no they don't directly have a say in whether BRL pay a dividend but they do have a right to block any capital payment to BRL from BT mining joint venture with Talleys, which is BRL only profitable business, so in a round about way they control BRL's capital flow which right now does not allow BRL to pay a dividend.
To be more direct , yes Talleys totally control BRL 's ability to pay a dividend.
You have to wonder to what end is Talleys goals, there was some talk a while back that Talleys wanted to bring BRL's coking coal assetts into BT mining(I beleieve BRL were not keen on this), therefore blocking BRL's ability to put pressure on limited infrastructure, port, rail, human resources for there own benefit.......I suspect Talleys unwillingness to release cash to BRL from the joint venture gives Talleys all the control it needs now.
Really Talleys have BRL snookered and probably shows us all how good each company is managed at corporate level

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Surely BRL have their $100M in their legal entity not the JV.

And according to BRL's website, BRL have a 65% stake in JV.

Last edited by Jonnyash: 22/11/22

BRL Price at posting: 81.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 73.5¢		Change 0.025(3.52%)		Mkt cap ! $137.7M

Open	High	Low	Value	Volume
72.0¢	73.5¢	72.0¢	$21.24K	29.05K

Buyers (Bids)

No.	Vol.	Price($)
1	7266	73.5¢

Sellers (Offers)

Price($)	Vol.	No.
75.0¢	26666	1

View Market Depth

No.	Vol.	Price($)
1	7266	0.735
1	9000	0.730
1	8500	0.725
1	2721	0.720
1	12013	0.705

Price($)	Vol.	No.
0.750	26666	1
0.790	50000	1
0.815	6538	1
0.850	2366	1
0.875	20000	1

Last trade - 16.10pm 26/08/2024 (20 minute delay)

BRL (ASX) Chart