Perhaps he/she misread the last paragraph!
http://news.iguana2.com/macquaries/ASX/BRL/1025998
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Perhaps he/she misread the last paragraph!
http://news.iguana2.com/macquaries/ASX/BRL/1025998
Does the last paragraph of last weeks quarterly update confirm that there are currently no exports of coking coal? I think there has been speculation that shipments have been leaving, but it seems this is not the case.
If coking coal is not being export yet..... why on earth not!!??!!?!?!??! It seems strange that after what seems like years of waiting... they still don't have systems etc. in place to turn the tap on so to speak?
I think you will find that the last paragraph was referring to the BRL, Buller project ie Escarpment mine. That area is not producing yet. However the Stockton mine is and as of 01Jul17 all income from coal produced and exported goes to BT mining of which BRL owns 65%.
I believe BT mining will maximise out put from Stockton until depleted then move all surplus infrastructure across to BRL's Escarpment project which could be some years away. The next ship to arrive is 04Aug I think and it then goes to Gladstone for additional load. I'm fairly sure that Stockton is the only mine that is currently producing Met coal for export.
BRL holderslive in exciting and transformational times.
Everything is all go - except the share price, which seems to be not budging(but also holding very stable at 11 cents)
The lack of share price action since the pivotal announcement that BRL's acquisitionof SE's prized assets at bargain basement prices was given the go by OIO is extremelysurprising to me.
Maybe the market is waiting for confirmation from BRL exactly what this means –what is the actual production? What is the actual forecasts? (both forproduction going forward, immediate and long term, and prices etc) Will theBuller project open up? (once valued at $400 million) how would this work? EtcThere is a lot of number crunching and planning to be done, along withproducing and publishing annual results. The good thing is that all of this will be done within the next month(not another 8 months…).
I am currentlyextremely tempted to buy a “significant amount” of BRL’s shares at anythingwith a 10 or 10.5 cents, should I be so lucky to secure them at this price.
Well I recently purchased 250000 @ 11.5cents. figers crossed.
I see there is another Panamax due into lyttleton 11Aug17 to pick up coal. Just been posted on their schedule. There is currently a Panamax in port loading coal, due out in a couple of days. Must be producing heaps of coal with only a week between ships.
WOW NZ$100 FOB. Houston is go for launch......