Australia's largest stock trading and investment forum Australia's #1 stock forum

B2Y

Click for more information

0.00%

2.9¢ bounty mining limited

Ann: Trading Halt, page-9

First 9 Last

Share
Profile

Follow
TwinTurboCelica

9,328 Posts.

190

22/10/18

11:43

Post #: 36208713
Share

Originally posted by hilly_sandman ↑

Bounty have no material debt, yes they have some obligations but nothing huge, and based on current information they should be a cash flow positive operation from Sept onwards... So you'd think they could secure debt, if that's what they needed to stay afloat...

From the prospectus there was $1M allocated to the completion of a pre-feas on Cook North, with potential for both UG or open cut operations... I wonder whether they are considering the current exchange rate and coal prices and have decided to bring this operation on early - early as in the original plan was to use cash flow from cook... UG would be expensive, however open cut could be done in a similar manner to what Carabella are doing, with mining contractor accepting PIK (payment in kind) interest...

Will be interesting, I don't see any reason why they have used the terminology "material capital raising", and I don't see any other of there resources being advanced enough to develop yet. Cook North though is ~5km from a CPP which is currently under utilised?

Expand

Hmmmm…. IPO at 35c, cap raising at 30c, I'm happy to be buying at 27c.

B2Y Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

First 9 Last

Add B2Y (ASX) to my watchlist