Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi team, With Bowen Coking Coal now sitting around 0.05c, if you didn't own it, would you buy it? Yes or no? I realise it's still shown as Active, but with your losses around 80 odd % on this stock ??? What's your thinking? Cheers, Jeff
Hi Jeff,
Clearly Bowen Coking Coal (BCB) is one of our more frustrating positions. We see this moving significantly higher if it can work through its issues without the need for a further equity raise. We will hear more from the company in the next few weeks at their quarterly, at the moment we are leaning towards some progress on both the balance sheet and operations, though its unfortunately still a bit of a coin toss.
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