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BTU, BATHURST RESOURCES LIMITED
macduffy
post Posted: Sep 6 2012, 06:31 AM
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Some timely encouragement (pressure?) from BTU.

http://www.stuff.co.nz/business/industries...e-ready-to-hire


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seeker4it
post Posted: Aug 22 2012, 09:35 AM
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In Reply To: arty's post @ Feb 28 2012, 10:51 AM

Hi Arty,

would you care to update your BTU chart after all the recent price action, incredible leap wouldn't you say.

Does it consolidate here @ 48? Fall back or keep rising?

Ta.

 
macduffy
post Posted: Jun 25 2012, 09:22 AM
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A bullish view on BTU here:

http://www.thebull.com.au/premium/a/29251-...oal-stocks.html

 
arty
post Posted: Feb 28 2012, 10:51 AM
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After months of consolidation, supply seems to pull back higher, taking MACD with it.
Can still break either way, but going by the weekly chart, a test of 82c resistance would likely come within 2-3 weeks with obvious upside targets.

Attached Image


I'm beginning to build a position from here.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)

Said 'Thanks' for this post: disco stu  
 
macduffy
post Posted: Jul 26 2011, 06:29 AM
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From FN Arena:

"Credit Suisse rates BTU as Outperform (1) - Credit Suisse has lifted price forecasts for hard coking coal. As Bathurst Resources is not expected to commence production before 2013, there are no changes to earnings forecasts for the immediate future. The higher price forecasts do have a positive impact on the stockbroker's unrisked valuation for the stock (now at $2.38).

CS analysts point out this company has the potential to become a low cost, high margin coal producer. In the meantime, Outperform rating maintained in combination with a price target of $1.50 (unchanged).

Target price is $1.50 Current Price is $1.17 Difference: $0.33 If BTU meets the Credit Suisse target it will return approximately 28% (excluding dividends, fees and charges).

The company's fiscal year ends in June. Credit Suisse forecasts a full year FY11 dividend of 0.00 cents and EPS of minus 2.80 cents .

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 41.79. Market Sentiment: 1.0 "





 
macduffy
post Posted: Jul 21 2011, 10:57 AM
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Bathurst completes Brookdale asset acquisition.

http://asx.com.au/asxpdf/20110721/pdf/41zwmg3t8vwflm.pdf

 


macduffy
post Posted: Jul 13 2011, 11:46 AM
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Today's news.

Local councils' staffs favour Denniston mine plan.

http://www.stuff.co.nz/business/industries...e-plan-favoured


smile.gif


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macduffy
post Posted: Jul 7 2011, 04:57 PM
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Resource consent hearing update.

http://asx.com.au/asxpdf/20110707/pdf/41znjb0g4yryqs.pdf


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tony64peter
post Posted: Jul 7 2011, 07:50 AM
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Decision could be made today http://westportnews.co.nz/wednesday.pdf

 
tony64peter
post Posted: May 30 2011, 11:30 AM
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Good positive comments in the 24may11 goldman sachs report with valuation at $1.51

 
 


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