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81.5¢ bathurst resources limited.

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

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Ericsson

323 Posts.

114

21/11/22

20:51

Post #: 64903780
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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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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
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(20min delay)
Last 81.5¢		Change 0.020(2.52%)		Mkt cap ! $155.9M

Open	High	Low	Value	Volume
80.0¢	81.5¢	80.0¢	$126.8K	157.5K

Buyers (Bids)

No.	Vol.	Price($)
1	1745	80.0¢

Sellers (Offers)

Price($)	Vol.	No.
81.5¢	24152	2

View Market Depth

No.	Vol.	Price($)
1	1745	0.800
1	25641	0.790
1	6410	0.780
1	398	0.770
0	0	0.000

Price($)	Vol.	No.
0.815	24152	2
0.820	177555	3
0.830	5223	1
0.835	4860	1
0.850	4566	2

Last trade - 16.10pm 25/06/2024 (20 minute delay)

BRL (ASX) Chart