Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM, Can you please provide your updated views on BCB following today's Burton Coal Resource Update announcement, which seemed to attract little enthusiasm from the market, and given BCB's failure to join in today's coal stock rally. Thanks Darren
Hi Darren,
The resource update was positive, but it wont mean much if they cant get their balance sheet right. The focus will be on the company’s quarterly update in the next few weeks. The market needs to see improving coal sales volumes, better cost management and overall increased profitability. We plan on holding through to the update.
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