BTU 0.00% 15.0¢ bathurst resources limited

short position, page-3

  1. 7,857 Posts.
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    Hey quarryst, BTU will be mostly a coking coal producer. At last reports BTU's coking coal (which is of the highest quality) will sell for approx. $160 a tonne and cash costs are $110 a tonne. These costs don't take into a/c admin costs.

    BTU will be one of the lowest costs producers.

    Also, on the lists I receive from my broker BTU is always in the top 20 shorted XJO stocks. Often well up that list.

 
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Currently unlisted public company.

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