You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
Business Description: Bathurst Resources Limited (BTU) is a producer of hard coking coal holding thermal coal assets and operating in the Buller coalfields on the south island of New Zealand. The Company is dual-listed on the stock exchanges in Australia and New Zealand.
Strategy Analysis: After announcing a $110m capital raising in October 2010 and finalizing the acquisition of the Buller Coal project (NZ), BTU will be aiming to become a mid-tier coking coal producer by 4Q 2011. The Buller project is in a premier coking coal district and its near-surface nature lends itself to open-cast mining. Rail, port, power and other infrastructure are all in place
Bathurst Resources reported negative cash flow of $4.07m for the quarter ended 31 December 2012. Operating cash flow for the period was $(3.63m). Payments for exploration and evaluation were $(988,000). Investing cash flow was $(245,000). Financing cash flow was $(187,000). Cash in hand at the end of the quarter was $35.53m. Total coal sales of 78,031t were recorded in the quarter - 19,774t from the Cascade mine and 58,257t from the Takitimu thermal operation in Nightcaps. Also during the quarter, the Environment Court hearing on the substantive appeal against the Escarpment Mine Consents was held in Christchurch. The hearing concluded on 18 December 2012 and a decision is pending. At the same time, the appeal on the basis of Climate Change was escalated to the Supreme Court and a hearing date set down for 12 and 13 March 2013.
The Age 20/06/2013 |
Pre-split trading of shares in "New Newscorp," the print media-heavy spin-out from News Corp began quietly on Wednesday, and it will take a while to work out where the new vehicle is headed.
The Age 20/06/2013 |
Local councils that lost millions on investments made through Lehman Brothers have suffered a major setback, after the US arm of the failed bank blocked a deal that would have delivered the investors up to $210 million.
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.