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clock Created with Sketch. 30/04/24
14:28
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Originally posted by Sammyjh:
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Stockton is a very high quality asset. It printed money for a very bloated Solid Energy for years on end and it operated continuously for over 100 years. It produced almost all the current $145m cash in the bank for BRL and paid off around $35m in debt over the past few years. Yes the mine life is running down but there is still 5 years left and and they will likely be able to drill it out and convert more into reserves for a number of years after that with lots of prospective areas.
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Let's wait on the final litigation outcome before we worry too much about the BT cash. if positive then the rest will fall into place. Dividends are then likely. imo
(20min delay)