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Bowen Coking Coal Limited (BCB) Report Analysis

Corporate Events

Neutral

Bowen Coking Coal Ltd Announces First Coal Rail...

2022-06-13 23:34:00

Bowen Coking Coal Ltd. announced that the first shipment of coal from its Bluff Open-cut PCI Mine (Bluff) has left Cook Colliery and been ship...

Positive

Bowen Coking Coal Limited Announces $55 Million...

2022-04-25 23:52:00

Bowen Coking Coal Ltd. announced it has signed mandate documentation including an indicative terms sheet with Taurus Mining Finance Fund No. 2...

Positive

Bowen Coking Coal Limited Commences Mining At B...

2022-04-10 23:46:00

Bowen Coking Coal Ltd. has commenced mining at its Bluff Open-cut PCI Mine (Bluff) taking a significant step forward as it transitions from ex...

Neutral

Bowen Coking Coal Limited, Special/Extraordinar...

2022-03-07 05:26:00

Bowen Coking Coal Limited, Special/Extraordinary Shareholders Meeting, Apr 06, 2022, at 10:01 E. Australia Standard Time. Location: Level 35, ...

Neutral

Bowen Coking Coal Limited - Shareholder/Analyst Call

2022-03-07 05:26:00

Extraordinary General Meeting of Shareholders

Negative

Bowen Coking Coal Limited has completed a Follo...

2021-11-18 00:00:00

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 11 million. Security Name: Ordinary Shares Securi...

Negative

Bowen Coking Coal Limited has filed a Follow-on...

2021-11-11 00:00:00

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 11 million. Security Name: Ordinary Shares Security T...

Neutral

Bowen Coking Coal Limited Presents at The Noosa...

2021-11-08 12:58:00

Bowen Coking Coal Limited Presents at The Noosa Mining Investor Conference, Nov-12-2021 09:45 AM. Speakers: Nicholas Jorss, Executive Chairman.

Neutral

Bowen Coking Coal Limited, Annual General Meeti...

2021-11-01 05:42:00

Bowen Coking Coal Limited, Annual General Meeting, Nov 30, 2021, at 10:01 E. Australia Standard Time. Agenda: To receive and consider the annu...

Neutral

Bowen Coking Coal Limited - Shareholder/Analyst Call

2021-11-01 05:42:00

Annual General Meeting of Shareholders

Positive

Bowen Coking Coal Limited to Acquire Bluff PCI ...

2021-10-26 00:02:00

Bowen Coking Coal Limited has signed a Put and Call Option Agreement under which it has, through a wholly owned subsidiary, secured a call opt...

Positive

AMCI Reportedly Circles Eagle Downs

2021-10-05 04:35:00

AMCI Investments Pty. Ltd. is being tipped as a likely buyer of South32 Limited (ASX:S32)'s Eagle Downs project that is up for sale through Ma...

Negative

Bowen Coking Coal Limited Announces Resignation...

2021-09-19 23:41:00

Bowen Coking Coal Ltd. advised that non-executive director Mr. Blair Sergeant has tendered his resignation to pursue personal interests and ot...

Neutral

Bowen Coking Coal Limited Announces Infrastruct...

2021-08-31 23:38:00

Bowen Coking Coal Ltd. has taken another significant stride in its transition from an explorer to producer signing a term sheet with an agreem...

Positive

Bowen Coking Coal Limited Announces Significant...

2021-08-30 23:35:00

Bowen Coking Coal Ltd. has announced a significant maiden resource estimate for Hillalong South, the southern part of the Company's Hillalong ...

Negative

Bowen Coking Coal Limited has completed a Follo...

2021-08-23 00:00:00

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 5.478186 million. Security Name: Ordinary Shares ...

Negative

Bowen Coking Coal Limited has completed a Follo...

2021-08-10 00:00:00

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Security Name: Ordinary Shares Securi...

Negative

Bowen Coking Coal Limited has filed a Follow-on...

2021-08-04 00:00:00

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 5.463081 million. Security Name: Ordinary Shares Secu...

Positive

Bowen Coking Coal Limited (ASX:BCB) has entered...

2021-08-04 00:00:00

Bowen Coking Coal Limited (ASX:BCB) has entered into a Binding Term Sheet to acquire to acquire New Lenton Coal Pty. Limited from New Hope Cor...

Positive

Bowen Coking Coal Limited, 0.97676, Rights Issu...

2021-08-04 00:00:00

Bowen Coking Coal Limited, 0.97676, Rights Issue, Aug-06-2021

Negative

Bowen Coking Coal Limited has filed a Follow-on...

2021-08-04 00:00:00

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million. Security Name: Ordinary Shares Security T...

Positive

Bowen Coking Coal Limited Announces Production ...

2021-07-27 23:49:00

Bowen Coking Coal Limited has completed initial scoping studies for both its 100% owned Broadmeadow East and Isaac River opencut coking coal p...

Neutral

Bowen Coking Coal Ltd Announces First Coal Railed from Bluff Mine

2022-06-13 23:34:00

Bowen Coking Coal Ltd. announced that the first shipment of coal from its Bluff Open-cut PCI Mine (Bluff) has left Cook Colliery and been shipped by rail to RG Tanna Coal Terminal, from where it is scheduled to be shipped to the purchaser before the end of June. This represents a significant milestone for the Company as it establishes itself as Queensland's next independent metallurgical coal producer. The shipment is under a sales contract with Formosa Plastics Group, a large diversified multi-national conglomerate headquartered in Taiwan. The sale was agreed under the 50:50 Marketing Joint Venture with Bowen and M Resources, a specialist metallurgical coal trading company. The coal produced from Bluff is washed and loaded on rail under an agreement with the nearby Cook Colliery before transport to the RG Tanna Coal Terminal at Gladstone for export. The first two train loads have been delivered to the port with the remaining deliveries scheduled before the end of the month. Bluff produces an Ultra-Low Volatile Pulverised Coal Injection (ULVPCI) coal, which is particularly attractive for its low ash, high energy and high coke replacement ratio. Demand for ULVPCI is expected to remain buoyant due to the impact on PCI supply from Russia as a result of sanctions imposed following the invasion of Ukraine. Ultra-Low Volatile PCI coal (Platts symbol MCLVA00) traded over USD 348/t on 10 June 2022.

Positive

Bowen Coking Coal Limited Announces $55 Million Corporate Debt Facility

2022-04-25 23:52:00

Bowen Coking Coal Ltd. announced it has signed mandate documentation including an indicative terms sheet with Taurus Mining Finance Fund No. 2 L.P. in relation to the provision of debt financing to support the Company's capital requirements. The debt financing will mark an important milestone in the Company's transition to coal production, with significant strides made in recent months to operationalise its key development assets. The new debt facility contemplated by the mandated documentation is proposed to be senior secured with an aggregate limit of $55 million (circa AUD 76 million). The facility is intended to be utilised for capital expenditure, general working capital and expenses incurred in recommissioning the Burton CHPP, developing the Burton and Broadmeadow East projects and operating the Bluff Mine.

Positive

Bowen Coking Coal Limited Commences Mining At Bluff Open-Cut PCI Mine

2022-04-10 23:46:00

Bowen Coking Coal Ltd. has commenced mining at its Bluff Open-cut PCI Mine (Bluff) taking a significant step forward as it transitions from explorer to Australia's next independent metallurgical coal producer. Mining has started at Bluff under an early works program designed to safely and efficiently prepare the pit for mining before transitioning into a 3-year mining contract with HSE Mining (HSE). Mining operations have commenced with two excavator fleets utilising a 600t Liebherr R-996 excavator for bulk overburden removal and a 250t Hitachi EX-2500 excavator for additional overburden removal and coal mining. Initial coal mining is occurring within the existing pit utilising the EX-2500 whilst the R-996 is removing overburden to extend the pit along strike in a southerly direction. Previous impediments on southerly mining have been removed after Bowen paid the full $9.9 million environmental bond to Queensland Treasury, in favour of the Department of Environment and Science (DES). Coal is being extracted during this ramp-up phase with steady state Run-of-Mine (ROM) production of 80kt to 100kt per month targeted by the end of July 2022, representing an annualised production rate of between 1Mtpa and 1.2Mtpa ROM. Following recent heavy rains late last year, water management is a critical part of the process to ensure timely access to some areas containing remnant coal in the bottom of the pit. The Company has implemented comprehensive water management strategies to de-water the pit in a safe and responsible way, which includes a new temporary water storage dam within a future mining area. As part of the Early Works Program, the Company has moved the ROM pad further away from the lease boundary to reduce noise and dust impacts on the community. HSE Mining Contract: The Company entered into a three year contract (extendable to four years at the Company's election) with HSE to operate the Bluff mine, using their own equipment, staff, systems and procedures under the strategic direction of Bowen. The agreement contains customary terms and conditions for coal mining contracts.

Neutral

Bowen Coking Coal Limited, Special/Extraordinary Shareholders Meeting, Apr 06, 2022

2022-03-07 05:26:00

Bowen Coking Coal Limited, Special/Extraordinary Shareholders Meeting, Apr 06, 2022, at 10:01 E. Australia Standard Time. Location: Level 35, Waterfront Place, 1 Eagle St BRISBANE Australia Agenda: To ratify previous issue of Placement Shares; to approve previous issue of Bluff Consideration Shares.

Neutral

Bowen Coking Coal Limited - Shareholder/Analyst Call

2022-03-07 05:26:00

Extraordinary General Meeting of Shareholders

Negative

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 11 million.

2021-11-18 00:00:00

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 11 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 68,750,000 Price\Range: AUD 0.16 Discount Per Security: AUD 0.008 Transaction Features: Subsequent Direct Listing

Negative

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 11 million.

2021-11-11 00:00:00

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 11 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 68,750,000 Price\Range: AUD 0.16 Discount Per Security: AUD 0.008 Transaction Features: Subsequent Direct Listing

Neutral

Bowen Coking Coal Limited Presents at The Noosa Mining Investor Conference, Nov-12-2021 09:45 AM

2021-11-08 12:58:00

Bowen Coking Coal Limited Presents at The Noosa Mining Investor Conference, Nov-12-2021 09:45 AM. Speakers: Nicholas Jorss, Executive Chairman.

Neutral

Bowen Coking Coal Limited, Annual General Meeting, Nov 30, 2021

2021-11-01 05:42:00

Bowen Coking Coal Limited, Annual General Meeting, Nov 30, 2021, at 10:01 E. Australia Standard Time. Agenda: To receive and consider the annual financial report of the company for the financial year ended 30 June 2021, together with the declaration of the directors, the directors' report, the remuneration report, and the auditor's report; to consider adoption of remuneration report; to consider re-election of directors; to consider non-executive director remuneration pool; to consider ratification of previous issue of shares under listing rule 7.1 to investors introduced by Petra Capital in August 2021; and to consider other matters.

Neutral

Bowen Coking Coal Limited - Shareholder/Analyst Call

2021-11-01 05:42:00

Annual General Meeting of Shareholders

Positive

Bowen Coking Coal Limited to Acquire Bluff PCI Coal Mine

2021-10-26 00:02:00

Bowen Coking Coal Limited has signed a Put and Call Option Agreement under which it has, through a wholly owned subsidiary, secured a call option (exercisable between 6 and 9 November 2021) and granted a put option (exercisable until 5.00pm on 12 November 2021) to enter into binding transaction documents with the Controllers of the assets of Carabella Resources Pty Ltd. (receivers and managers appointed) (controller appointed) (in liquidation) (`Carabella') to acquire the Bluff PCI Coal Mine (`Bluff'). The sale process for Bluff was facilitated by FTI Consulting on behalf of Australian mining contractor MACA Ltd. Bluff is an open-cut PCI coal mine in the Bowen Basin which has been on care and maintenance since December 2020 and the re-start capital is estimated between $5 million and $7 million, with $6 million to $9 million estimated in total for the first 12 months. Bluff has total Indicated and Inferred resources of 13.5Mt (11.2Mt Indicated and 2.3Mt Inferred) estimated in accordance with the JORC code 2012. Bluff's main assets include a granted mining lease (ML80194), secondary exploration permits (EPC1175 and EPC1999), an approved Environmental Authority and minor surface infrastructure which includes workshop facilities, explosives magazines and minor surface infrastructure. The mine acquisition also includes ownership of 1,931 ha of grazing land (426 ha within the Mining Lease) on two adjacent Grazing Homestead Perpetual leases.

Positive

AMCI Reportedly Circles Eagle Downs

2021-10-05 04:35:00

AMCI Investments Pty. Ltd. is being tipped as a likely buyer of South32 Limited (ASX:S32)'s Eagle Downs project that is up for sale through Macquarie Capital. Others potential buyers include Bowen Coking Coal Limited (ASX:BCB), run by former Stanmore Coal boss Nick Jorss, along with high-net-worth individuals scouring the landscape for opportunities to turn projects into production swiftly. It is thought Eagle Downs could sell for about $120 million.

Negative

Bowen Coking Coal Limited Announces Resignation of Blair Sergeant, Non-Executive Director

2021-09-19 23:41:00

Bowen Coking Coal Ltd. advised that non-executive director Mr. Blair Sergeant has tendered his resignation to pursue personal interests and other business opportunities.

Neutral

Bowen Coking Coal Limited Announces Infrastructure Deal with Fitzroy

2021-08-31 23:38:00

Bowen Coking Coal Ltd. has taken another significant stride in its transition from an explorer to producer signing a term sheet with an agreement with Bowen Basin coking coal producer Fitzroy to share infrastructure and capacity. Close on the heels of announcing its pending acquisition of New Hope Coal's 90% interest in the New Lenton Joint Venture, which owns the Burton Mine and New Lenton Project in the northern Bowen Basin, Bowen has agreed to provide Fitzroy with access to surplus capacity of the haul road, accommodation camp, surface infrastructure and water supply at Burton Mine for its future development projects. In return, Fitzroy will transfer 1Mt of its DBCT port access to Bowen on a permanent basis, provide Bowen with short term access to its port and rail capacity, as well as up to 1Mtpa access to its Carborough Downs CHPP. Fitzroy has also agreed in principle to grant Bowen access to its Broadlea Mine surface infrastructure (abutting Broadmeadow East) including the office and laydown area, in reciprocation for access to Bowen's Burton infrastructure including the workshop, office, communications and power infrastructure. This will significantly reduce the need for infrastructure related capital expenditure at Broadmeadow East.Additionally, Fitzroy has agreed in principle to allow Bowen to extend the Broadmeadow East Project into a small part in the northern area of the contiguous exploration permit (EPC667)1, and allow for the mining lease ML70257 to be extended over that area in exchange for an agreed royalty payment. In addition, Fitzroy will be permitted to mine underground, below the Mallawa Haul Road from the adjacent Ironbark no 1 Mine, under a matching/similar royalty structure.This proposed agreement will be subject to Bowen completing the Burton Mine and Lenton Project acquisition2 from New Hope Corporation, approval from the New Lenton Joint Venture, various other stakeholder consents, as well as the execution of formal transaction documents. In the interest of timing for both parties, provision has been made for early access to some of the infrastructure prior to the completion of the Burton transaction, subject to approval by all relevant stakeholders.

Positive

Bowen Coking Coal Limited Announces Significant Maiden Resource Estimate for Hillalong South

2021-08-30 23:35:00

Bowen Coking Coal Ltd. has announced a significant maiden resource estimate for Hillalong South, the southern part of the Company's Hillalong Project owned 90% by Bowen and 10% by Japanese conglomerate, Sumitomo Corporation. The 44Mt resource was estimated in accordance with the JORC Code (2012) and classified as 26Mt in the Indicated category and 18Mt in the Inferred category. Bowen CEO and Managing Director, Mr. Gerhard Redelinghuys, said the Total Resource for the Hillalong Project was now 87Mt, of which 47Mt is classified in the Indicated category and 40Mt as Inferred. With regard to the Hillalong coal quality, the laboratory data for product quality and washability of Hillalong South in the 2020 exploration program was very encouraging and demonstrated the potential to wash a low ash primary coking coal with secondary PCI coal for a combined yield up to 89% from the holes that were not affected by igneous intrusions1. Sumitomo currently holds 10% of the Hillalong project last year after spending $2.5m during Phase 1 of their farm-in agreement. Phase 2a is currently underway wherein Sumitomo will spend a further $2.5m to earn a further 5% in the project. Sumitomo then have the option to earn an additional 5% in the project by spending another $2.5m on Phase 2b to take their total holding up to 20%. One of the program's key objectives was to demonstrate the seam continuance along the strike length of Hillalong South. The 2019 exploration program encountered the main target seams (Elphinstone and Hynds Upper) between 116m and 167m deep with an average thickness of 5.6m for the Elphinstone seam and 2.5m for the Hynds Upper seam2. A resource estimate was not able to be completed for Hillalong South at the time due to hole HIL011 not intersecting coal, as it was it interpreted to be drilled into a fault. In the most recent program hole HIL055 was drilled close to this location and has encountered both the target seams at a combined thickness of more than 7m which provides a good indication of the seam continuance over the southern area of the Hillalong Project to support this new maiden Resource result. The Hillalong Project comprises EPC2141 and EPC 1824, which are located in the northern Bowen Basin, in central Queensland approximately 100km west-south-west of Mackay and 5km east of Glenden. The Project is 10km by road southeast of Glenden and approximately 65 km by road northwest of Nebo. Access is via the sealed Suttor Development and Collinsville-Elphinstone roads and then via unsealed access roads through pastoral properties. The Hillalong project area lies within the Permo-Triassic Bowen Basin. Coal seams occur within the Rangal Coal Measures and underlying Fort Cooper Coal Measures which are Late Permian in age. Coal seams in the Hillalong South deposit generally dip to the west at with dips from 10 - 45 degrees. The main target seams are the Elphinstone and Hynds Upper seams in the Rangal Coal Measures, which are extensively mined in the area. The drill hole density (core and chip) and a 2D seismic program in the Hillalong South deposit allow for a good level of confidence in seam splitting, seam thickness, coal quality and location of sub-crop lines. Open drill holes in the 2020 and 2021 programs were completed with blade, PCD and hammer bits. Each core hole was drilled at the diameter of 124 mm and core was extracted with a conventional 102 mm core barrel. Chip holes were geologically logged and geotechnical features reported. All holes were geophysically logged and core samples were taken at 0.5 m intervals including roof and floor samples before being dispatched to Bureau Veritas' lab in Mackay. Linear core recoveries of >95% were generally achieved. Samples were analysed by Bureau Veritas according to Australian standards for coal quality testing and, once modelled, has resulted in the raw coal quality. Key raw qualities analysed were moisture, ash, volatile matter, sulphur, CSN and calorific value. Further fast float and washability tests are underway to test potential product qualities. The coal resource has been estimated in accordance with the JORC Code (JORC 2012) and utilising the Australian Guidelines for Estimating and Reporting of Inventory Coal, Coal Resources and Coal Reserves (Coalfields Geology Council of NSW and the Queensland Mining Council, 2014). Six partly cored boreholes within the Hillalong South area qualified as Points of Observation. Coal quality drilling is located with the maximum distance between Points of Observation of ~500m For the coal resource, qualification for a Point of Observation includes: A cored target coal seam, Geophysically logged, Data points that sufficiently establish seam thickness and quality continuity, Raw coal quality data, and Coal core recovery generally >90%. The seam structural continuity is well supported by the structural drilling and structural interpretation, resulting from the seismic program undertaken by Rio Tinto (2013) and recently by the Company in First Quarter this year. The base of weathering is observed between 25m and 30m. The Resource estimate was constrained (cut-off) according to: Spatial distribution of Points of Observation, Confidence in seam structure and coal quality continuity, Lease boundaries, Depth to seam floor constraints determining potential industry standard extraction method (<200m depth from topography opencut assumption, > 200m to 300m underground assumption), Raw ash values less than 50% adb, Seam thickness greater than 0.3 m for Opencut Resource. Two resource categories (Indicated and Inferred) have been identified within the Hillalong South area, depending on the level of confidence in the seam structure and continuity plus the level of variability in the coal quality data and depth of cover. Drill holes and seismic sections provide the basis for structural/thickness continuity. Points of observation have been used to establish coal quality continuity with drill hole spacing of generally 500m. The assessment of reasonable prospects for eventual economic extraction has been based on a likely scenario of opencut strip mining transitioning to underground mining over time. There appears to be adequate room for all required spoil dumps and on-site infrastructure. The same coal seams have been exploited in numerous surrounding mines and their quality characteristics are very well understood. Raw coal quality results are in line with those observed in the 2020 program. Fast float and washability analysis are underway which will give a more definitive indication of the potential final product quality. Work has already commenced on the second part of the phase 2a program which will target a potential extension of both the Hillalong North and Hillalong South resource areas.

Negative

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 5.478186 million.

2021-08-23 00:00:00

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 5.478186 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 81,763,969 Price\Range: AUD 0.067 Transaction Features: Rights Offering

Negative

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.

2021-08-10 00:00:00

Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 149,253,731 Price\Range: AUD 0.067 Discount Per Security: AUD 0.00402 Transaction Features: Subsequent Direct Listing

Negative

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 5.463081 million.

2021-08-04 00:00:00

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 5.463081 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 81,538,522 Price\Range: AUD 0.067 Transaction Features: Rights Offering

Positive

Bowen Coking Coal Limited (ASX:BCB) has entered into a Binding Term Sheet to acquire to acquire New Lenton Coal Pty. Limited from New Hope Corporation Limited (ASX:NHC) for AUD 27.5 million.

2021-08-04 00:00:00

Bowen Coking Coal Limited (ASX:BCB) has entered into a Binding Term Sheet to acquire to acquire New Lenton Coal Pty. Limited from New Hope Corporation Limited (ASX:NHC) for AUD 27.5 million on August 4, 2021. Bowen Coking Coal Limited (ASX:BCB) signed a binding share sale and purchase agreement to acquire New Lenton Coal Pty. Limited from New Hope Corporation Limited (ASX:NHC) for AUD 27.5 million on December 24, 2021. Under the terms of transaction, Bowen has agreed to pay New Hope an AUD 20 million upfront payment (of which up to AUD 10 million can be in Bowen shares at Bowen’s election); up to AUD 7.5 million in deferred milestone payments linked to both production ramp up and time-based payments (24 and 36 months) plus up to AUD 70 million in predominantly price-linked royalty payments on 90% of all coal produced from the Lenton JV. Transaction will be funded via AUD 15.4 million equity raising. Equity Raising comprises an AUD 10 million institutional placement which is fully committed and will complete on 10 August 2021 and an underwritten 1 for 12 pro rata non-renounceable rights issue. New Lenton Coal owns 90% interest in the Lenton JV and Lenton JV owns the New Lenton Project and the Burton Mine located in the Northern Bowen Basin. MPC Lenton Pty Ltd, a subsidiary of Formosa Plastics Group (“Formosa’), currently holds the remaining 10% interest in the Lenton JV. Completion of the transaction will transition Bowen from an explorer and developer of assets to a potential multi-mine producer with opportunity to materially accelerate timeline to production through third party infrastructure. The transaction is subject to the parties agreeing and entering into formal transaction documents and certain other conditions being satisfied and Bowen agreeing acceptable commercial arrangements with NHC’s existing joint venture partner Formosa in relation to the future ownership, operation and funding arrangements for the Lenton JV assets. Transaction is also subject to Bowen shareholder approvals required under the ASX Listing Rules and is expected to close by the end of Q1 2022. As of June 21, 2022, Bowen Coking Coal Limited (ASX:BCB) has executed a series of funding arrangements totalling approximately AUD 190 million to support the Company’s development of its portfolio of development-ready coking coal assets. The new funding comprises a combination of new debt facilities and convertible loan notes. Out of this AUD 70 million will be used for funding the acquisition. Bowen is advised by Grant Samuel as Financial Adviser, Johnson, Winter & Slattery as Legal Advisor in relation to the Acquisition.

Positive

Bowen Coking Coal Limited, 0.97676, Rights Issue, Aug-06-2021

2021-08-04 00:00:00

Bowen Coking Coal Limited, 0.97676, Rights Issue, Aug-06-2021

Negative

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million.

2021-08-04 00:00:00

Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 149,253,731 Price\Range: AUD 0.067 Discount Per Security: AUD 0.00402 Transaction Features: Subsequent Direct Listing

Positive

Bowen Coking Coal Limited Announces Production Targets for Broadmeadow East and Isaac River

2021-07-27 23:49:00

Bowen Coking Coal Limited has completed initial scoping studies for both its 100% owned Broadmeadow East and Isaac River opencut coking coal projects following recent exploration results and production permit applications. The results of first stage independent scoping studies have indicated a run of mine (ROM) production target of 0.8 million tonnes per annum (Mtpa) to 1.1Mtpa over a five to seven year period for Broadmeadow East, and 0.4Mtpa to 0.6Mtpa over a four to five year period for Isaac River. The economic coal seams in the Bowen Basin lie within the Permian Blackwater and Back Creek Groups. The Blackwater Group (deposited in a terrestrial environment) comprises two late Permian coalbearing sequences; the Fort Cooper Coal Measures and the Rangal Coal Measures, while the Back Creek Group (deposited in a marine environment) contains the Moranbah Coal Measures.

Fundamental Summary

Bowen Coking Coal published its Q4 report on 2022-03-14 with positive results, but no significant factors particularly remarkable relative to its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. We therefore gave Bowen Coking Coal a total score of 71 out of 100 and a HOLD recommendation.

Bowen Coking Coal announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 531 compared to AUD 120,840 a year ago. Net loss was AUD 3.224 million compared to AUD 2.057 million a year ago. Basic loss per share from continuing operations was AUD 0.0035 compared to AUD 0.0026 a year ago. Diluted loss per share from continuing operations was AUD 0.0035 compared to AUD 0.0024 a year ago.

Business Description

Bowen Coking Coal engages in the exploration and development of coal project with primary focus on metallurgical coal. It holds 100% interests in the Isaac River Project that covers an area of 14 square kilometers located in the Bowen Basin in Central Queensland; the Cooroorah Project located north of Blackwater; the Carborough project; and the Comet Ridge Project located South of the township of Comet, as well as 90% interests the Hillalong Coking Coal Project comprising of 15 sub-blocks covering an area of approximately 48 square kilometers located in the northern Bowen Basin. The company also holds interest in the Broadmeadow East coking coal project. Bowen Coking Coal was incorporated in 1994 and is headquartered in Brisbane, Australia.

Sector Overview

Bowen Coking Coal is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Bowen Coking Coal's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 54.6 234.9% 74
Liabilities 13.1 872.7% 78
Price to Book 9.7 110.7% 78
Cash & Equivalents 23.2 673.1% 64
Equity 41.5 177.5% 55
EBITDA -6.9 -119.0% 62
Total Revenues 0.0 0.0% 87
Parameter Value Change Score
Return on Equity -24.8 2.4% 66
Net Cashflow 19.4 3121.1% 68
Capital Expenditure -4.7 -3.5% 76
Asset Turnover 0.0 -59.5% 60
Free Cashflow -0.0 -8.9% 69

* All values are TTM

The below chart reflects Bowen Coking Coal's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Bowen Coking Coal's peer average final assessment score stands on 67.0, Bowen Coking Coal's score is 71.

  •  BCB
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 51 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 52 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 53 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 54 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 55 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 56 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 57 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 58 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 59 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 60 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 61 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 62 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 63 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Bowen Coking Coal's stock is now priced above its 5-day and 200-day, but below its 50-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Bowen Coking Coal's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.

Neutral 62
Close Price 0.26
52W Low 0.06
52W High 0.39
5D MA 0.25
50D MA 0.32
200D MA 0.23
MACD -0.02
RSI 0.29
STOCH 27.78

Balance Sheet Analysis

Bowen Coking Coal appears likely to maintain its strong balance sheet metrics and momentum going forward. Bowen Coking Coal has done an excellent job managing its liabilities. Bowen Coking Coal's liabilities stood at 13.1 in the current filing, which represents a 872.7% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 78. Also, Bowen Coking Coal publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 9.7 and represents a 110.7% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Therefore, its book value factors earned a score of 78. On the other hand, Equity, jumped out as looking problematic. Bowen Coking Coal reported weak equity changes momentum this period. At filing, equity was reported as 41.5, representing 177.5% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. Their equity metrics appear unremarkable relative to their peers. Consequently, their equity movement received a grade of 55. Therefore, the company's balance sheet earned a grade of 66.

Parameter Value Change Score
Assets 54.6 234.9% 74
Liabilities 13.1 872.7% 78
Price to Book 9.7 110.7% 78
Cash & Equivalents 23.2 673.1% 64
Equity 41.5 177.5% 55
* All values are TTM

The below chart describes Bowen Coking Coal's performance as reflected on its balance sheet with respect to its peers. While Bowen Coking Coal received a balance sheet score of 66, the average of its peers stands on 68.0.

  •  BCB
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 51 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 52 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 53 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 54 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 55 1
Neometals Ltd 531.9M 97 77 46 50 97 60 56 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 57 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 58 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 59 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 60 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 61 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 62 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 63 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Two metrics jump up as the most significant positive drivers of the income statement's strength in Bowen Coking Coal's recent report: Revenue Efficiency and Return Factors. Bowen Coking Coal's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 24.0%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. As a result, its revenue efficiency earned a score of 87. Also, Return factors metrics and ratios were exceptional in this report. Bowen Coking Coal reported a return on equity (ROE) ratio of -24.8, representing a change of 2.4% from the last report. Its return factor metrics are even more remarkable when compared to their peers. Therefore, its return factors component earned a score of 66. On the other hand, EBITDA, jumped out as looking problematic. Bowen Coking Coal's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as -6.9, which represents a -119.0% change from the last period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Therefore, their EBITDA component earned a score of 62. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 73.

Parameter Value Change Score
EBITDA -6.9 -119.0% 62
Total Revenues 0.0 0.0% 87
Return on Equity -24.8 2.4% 66
* All values are TTM

The below chart describes Bowen Coking Coal's performance as reflected on its income statement with respect to its peers. While Bowen Coking Coal received a income statement score of 73 , the average of its peers stands on 67.0.

  •  BCB
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 51 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 52 1
Westgold Resources Limited 575.3M 84 58 43 65 53 1
OM Holdings Limited 563.6M 50 96 97 75 54 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 55 1
Neometals Ltd 531.9M 87 66 56 72 56 1
Adriatic Metals PLC 528.8M 87 62 66 73 57 1
Argosy Minerals Limited 467.8M 87 62 66 73 58 1
Perenti Global Limited 461.4M 73 81 87 78 59 1
Champion Iron Limited 441.1M 95 50 45 71 60 1
Panoramic Resources Limited 420.4M 95 50 62 71 61 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 62 1
Alkane Resources Limited 402.0M 68 74 74 70 63 1
Centaurus Metals Limited 397.2M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Two metrics jump up as the most significant positive drivers of the cash flow's strength in Bowen Coking Coal's recent report: Capex and Free Cash flow. Bowen Coking Coal's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Bowen Coking Coal recorded CapEx of -4.7, which represents -3.5% change from the previous report. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. The company's CapEx movement, therefore, received a grade of 76. Also, Bowen Coking Coal's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Bowen Coking Coal recorded free cash flow of -0.0, which represents a -8.9% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. The company's free cash flow movement, therefore, received a grade of 69. That said, one metric, Asset Turnover, stood out as particularly concerning. Bowen Coking Coal's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.0, representing a -59.5% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 2.7 percent by this parameter. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Correspondingly, their asset turnover movement received a grade of 60. Therefore, we scored their cash flow a 68.

Parameter Value Change Score
Net Cashflow 19.4 3121.1% 68
Capital Expenditure -4.7 -3.5% 76
Asset Turnover 0.0 -59.5% 60
Free Cashflow -0.0 -8.9% 69
* All values are TTM

The below chart describes Bowen Coking Coal's performance as reflected on its cash flow with respect to its peers. While Bowen Coking Coal received a cash flow score of 68, the average of its peers stands on 67.0.

  •  BCB
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 51 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 52 1
Westgold Resources Limited 575.3M 59 69 71 59 63 53 1
OM Holdings Limited 563.6M 75 90 90 75 82 54 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 55 1
Neometals Ltd 531.9M 62 54 71 52 60 56 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 57 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 58 1
Perenti Global Limited 461.4M 61 69 54 78 67 59 1
Champion Iron Limited 441.1M 56 69 51 49 55 60 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 61 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 62 1
Alkane Resources Limited 402.0M 69 58 68 71 68 63 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.