Member Info for Ezzza

Hahaha.....what timing....That Sunday Roast interview with AW that's coming up should be interesting/exciting lol

Can't wait for Penstock to post with his calcs.....should make us all happy for the bank holiday break...lol
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Ezzza

And the rest.....the ship will sink..... it's only a canoe....they can't get the coal to the ship coz there are no trains or lorries ...blah blah chuffing blah...

Hahaha......as I said a couple of days ago.... An international commodity trading business isn't taking a large shareholding here to sit back and watch as only we can do....brilliant news. Wonder what the doommongers will have to say now lol...
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Ezzza

Wilbur79....old news you say...the RNS I referred to was issued just 11 days ago....hardly old...the latest news I would say.
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Ezzza

The last RNS:

The Company is aware that MBU Capital Group Limited ("MBU"), the Company's largest shareholder owning 53.7 per cent. of the voting rights in the Company, is in advanced discussions to sell a significant portion of its shareholding at a price of 18 pence per share to an international commodity trading business which is expected to result in the purchaser becoming interested in 29.9 per cent. of the current issued share capital of the Company.

Its really odd that an international commodity trading business would want to purchase 29.9% of a doomed company on, apparently, it's a**e...go figure!!!

I think this will have been expected....but another small positive....no doubt the share price will now drop lol...
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Ezzza

Hahaha...nice one Penstock....BTW I hear there may be a place going on your telegram group...any chance I could replace the kicked off one please??
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Ezzza

K3VMC.....I seem to think AW has mentioned (maybe hoped) an initial 10p divi would be returned to investors which is huge considering the share price right now. He also stressed that BC will be a dividend paying company going forward (this might be his plan to get BC to a $1b Co) and if so shareholders will see a nice regular tangible return on their investment whilst the share price moves up on buying pressure as investors realise the value here. Personally I wasn't sure the first divi announced would be 10p given what's coming up but I do think a smaller interim divi might be possible followed by a larger one at YE. Just my thoughts though.
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Ezzza

But in the real world I'm with JH.
LOL

I reckon 11p plus then lol
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Ezzza

If this was an Oiler the share price would have gone through the roof by now on what we have and know...strange where the share price is now but I too have been thinking along the lines of what Tenantry said in that it looks like only the actual announcement of a divi is going to attract new investors which in turn will push the share price back to where it should be.
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Ezzza

Good post Tenantry and totally agree with you.
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Ezzza

Good posts Penstock and the broker notes next month will be interesting too.
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Ezzza

Not sure about that Fromage. The RNS includes the point that the purchase of the rail line currently owned by MBU is a continuation of the separation between the two which is a positive...we're buying the rail line at the same price that MBU paid for it saving BC paying MBU $55kpa to use the line. $650k is peanuts to MBU who could have held onto the track pocketing $55kpa...I can't see any downside to the deal really..
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Ezzza

Odd but the word hoping in my last post should be GOING...lol

Tenantry...I get your point but the RNS also states the balance will be paid from the existing capital we have in the bank so it's not as though we are borrowing dosh. I assume the $55k pa rent will reduce proportionately and once fully paid for that's an annual saving in full. To pay a total of c.$650k for an asset to then save $55kpa is a no brainer.
Woltan...I understand your concerns and there will be many including me who have felt the same and are down on their investment at the moment...but the fundamentals haven't change and I am sure that as AWs plans fall into place the share price will re rate to reflect what a great business BC will become. Hang in their and don't get spooked by the crazy SP at the mo...Next year is hoping to be a very good year..all IMO of course
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Ezzza

We now own the track outright ...it becomes an asset of BC ....at a cost of around a third of what we banked for the hwm and cats...that's sensible re investment in the business...

There's a strategy coming together in AWs plans here. Roll on 2023 lol
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Ezzza

Erik9.....it's not the profit of $1.1m they will bank but the total they get. That's $3.6m for the dead horse plus $300k for the cats less $2m repaid to McGinty. To me that's $1.9m being banked...