BNT 0.00% 2.5¢ bounty mining ltd

Hmmm, not enough weakness for me to get in.Absolutely no...

  1. 512 Posts.
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    Hmmm, not enough weakness for me to get in.

    Absolutely no liquidity. Coal miners are trying to get coal out as fast as possible so it will be interesting to see how the tenders go. I'm hoping the continuous haulage has freed up some gear and thats part of the reason why we haven't picked anything up yet.

    One more contract will make a big difference in cash flow and BNT's ability to grow - Aquila is covering debt and O/H - now we need another to create free cash.

    A little change in the Top 20 - you now need 1.6mil shares to join the club. There are a lot out there but they're certainly not in the market depth.

    Patience.

    Stu
 
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