B2Y 0.00% 2.9¢ bounty mining limited

Ann: June 18 quarter production report, page-36

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  1. 541 Posts.
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    Yeah I'm definitely considering an investment, I just hold a token amount right now - however I'm going to hold out until the next quarterly... I could regret that - but we'll see, lots of downward pressure on SP at current...

    @amandasmsf they bought from a company in liquidation, both coking and thermal coal prices are historically high, mainly due to USD/AUD conversion... And most important of all - B2Y are actually selling a product, they are mining and they are making revenue... Since its a bulks business, its all about maximising qty of product they mine now to reduce the $/t cost of getting coal on a vessel - IF they hit the 2.2Mt p.a. rates, B2Y will be profitable with a nice cash margin...
 
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Currently unlisted public company.

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