I guess market just realised that the share was (and probably still is) significantly undervalued ... are you surprised by the rise?
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Modi government has proposed a $75B infrastructure spend, with 4 new steel mills to be built. Whilst mainly thermal, 200mt of coal needs to be imported this year. Steel production month on month up 1%/mth for last 3 mths. The bottom was Nov Dec me thinks. Onwards and upwards I hope.
http://economictimes.indiatimes.com/...w/46347696.cms
http://economictimes.indiatimes.com/...w/45577293.cms
http://articles.economictimes.indiat...oduction-level
Positive signs for sure....but enough for present sp spike ???..perhaps.
Anyway Blockhead likes movement in this direction
OMG - up to 5.9 cents - we passed the triple bagger milestone (December 2014 - 1.9 cents) :t_up:
So sorry to rain on the parade but the Sunsirs Chinese Coking Coal price has dropped to its lowest in over a year...
http://www.sunsirs.com/uk/prodetail-417.html
Also BRL are running out of cash with only enough to last the next few months so what's their plan then?
[QUOTE
Also BRL are running out of cash with only enough to last the next few months so what's their plan then?[/QUOTE]
Offtake agreements
Rain is good - can we have some more, please?
However - some of your statements are not quite correct. If you put in the effort to go some pages back on this thread, than you might discover yourself that
a) BRL is cash flow positive since Q2/2015 and anticipate to stay so for the rest of the 2015 FY. Difficult to run out of money with positive cash flow.
b) while the Sunsirs coking coal index (measured in Chinese Yuan or RMB) is currently admittedly quite low - the price BRL would receive in NZD did increase compared to 3 months ago. Reason: The Yuan did rise together with the USD.
So - no rain on the parade - just a refreshing sprinkle in the heat of the summer.