Australia's largest stock trading and investment forum Australia's #1 stock forum

BRL

Click for more information

0.62%

80.5¢ bathurst resources limited.

You are making an assumption solely based on retained earnings....

First 9 Last

Share
Profile

Follow
Ericsson

323 Posts.

114

21/11/22

20:51

Post #: 64903780
Share

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

Expand

You are making an assumption solely based on retained earnings. Any other evidence to support your claims?

BRL Price at posting: 80.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 13 more messages in this thread...

First 9 Last

Add BRL (ASX) to my watchlist

(20min delay)
Last 80.5¢		Change -0.005(0.62%)		Mkt cap ! $154.0M

Open	High	Low	Value	Volume
82.0¢	82.0¢	80.5¢	$4.712K	5.851K

Buyers (Bids)

No.	Vol.	Price($)
2	8254	79.5¢

Sellers (Offers)

Price($)	Vol.	No.
80.0¢	265	2

View Market Depth

No.	Vol.	Price($)
1	3254	0.795
1	25641	0.790
1	6410	0.780
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.800	265	2
0.805	124	1
0.810	24815	2
0.815	25124	2
0.820	172555	2

Last trade - 15.01pm 17/06/2024 (20 minute delay)

BRL (ASX) Chart

SPONSORED BY