BCB 0.00% 6.1¢ bowen coking coal limited

Look at Uranium stocks in the past few weeks. Unloved for the...

  1. 1,004 Posts.
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    Look at Uranium stocks in the past few weeks. Unloved for the past decade and a sudden rotation of money into the sector is seeing volume return and big rises (albeit from very low bases).

    We know Sumitomo and BCB management are willing to invest at a valuation of $50m for BCB assets.

    From 2020 annual report (just had a quick look):
    Total diluted shares on offer - 882,335,262
    Current mkt valuation at 4.2c/share = AUD 37,058,000
    Estimate of working cash balance = $1.36M (2020 AR) + $1.75 Peabody CR July + $3M recent CR + $900k option conversion + $2.5m cash injection from Sumitomo --> $7 million
    Market Cap equivalent = $30 million

    Trading at very roughly a $20M discount.

    Plus you have a $15 million borrow facility from ML

    But yes, could be months or years before you get that market pump. Will depend on how management move plans into ground action and solid offtake agreements etc.
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Mkt cap ! $58.61M
Open High Low Value Volume
6.1¢ 6.1¢ 6.1¢ $305 4.996K

Buyers (Bids)

No. Vol. Price($)
2 19504 6.1¢

Sellers (Offers)

Price($) Vol. No.
6.2¢ 212696 2
View Market Depth
Last trade - 15.02pm 14/05/2021 (20 minute delay) ?
BCB (ASX) Chart
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