BRL 1.41% 70.0¢ bathurst resources limited.

No takeover possible. Vendor payments inescapable. $US78/t for...

  1. 89 Posts.
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    No takeover possible. Vendor payments inescapable. $US78/t for the first million tonnes, US$13/t when considered over LOM.

    I valued Bathurst sans Denniston at 5c late last year. I would comfortably half that now given subsequent dilution and deterioration in state of the domestic thermal market.

    Remember 70% of Hamish's $600k is still over $400k!!

    As Solid get their act together I wouldn't be surprised if they make a move for the Holcim contract. Maybe even undercut to send these geniuses back to coal central AKA Perth.

    I'm horrified at some of the losses HC members will currently be nursing. I wish you all the best on the next one. If there is anything to be learnt from this it's that good management trump a good asset every day of the week.
 
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