I think the coking coal price has been the missing piece in the debate of BRL's future. While it is reasonably certain that they are up for $70m in the L&M case (and I'm not sure how much of this has already been paid into Court per the Supreme Courts requirements) the ability to generate cash is central to the ability to pay. The coking coal price has been on the up recently, or at least bottomed out (same with the share price). So if BRL could pay L&M say $25m per year for a few years, then this would be a reasonable outcome for L&M as forcing a sale of BRL's assets would also take time to realise. So keep watching the coking coal price closely is my advice to one and all.
I think the coking coal price has been the missing piece in the...
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Last
83.0¢ |
Change
-0.010(1.19%) |
Mkt cap ! $160.7M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 80.0¢ | $24.53K | 29.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10496 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 220 | 1 |
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| Last trade - 14.28pm 27/05/2024 (20 minute delay) ? |
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Last
83.5¢ |
Change
-0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 83.5¢ | 83.5¢ | 83.5¢ | 1042 | ||
| Last updated 13.57pm 27/05/2024 ? | |||||
| BRL (ASX) Chart |