View ValuationBowen Coking Coal 향후 성장Future 기준 점검 4/6Bowen Coking Coal (는) 각각 연간 77.3% 및 12.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 80.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.1% 로 예상됩니다.핵심 정보77.3%이익 성장률80.93%EPS 성장률Metals and Mining 이익 성장14.5%매출 성장률12.3%향후 자기자본이익률15.12%애널리스트 커버리지Low마지막 업데이트30 May 2025최근 향후 성장 업데이트Breakeven Date Change • Nov 13Forecast breakeven date pushed back to 2026The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$121.0m in 2026. Average annual earnings growth of 54% is required to achieve expected profit on schedule.Breakeven Date Change • Oct 24Forecast breakeven date moved forward to 2024The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$189.0m in 2024. Earnings growth of 65% is required to achieve expected profit on schedule.Breakeven Date Change • May 01Forecast breakeven date pushed back to 2024The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 15% to 2023. The company is expected to make a profit of AU$182.5m in 2024. Average annual earnings growth of 37% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 06Forecast breakeven date moved forward to 2023The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$179.2m in 2023. Earnings growth of 6.8% is required to achieve expected profit on schedule.Breakeven Date Change • Mar 16The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$179.2m in 2023. Earnings growth of 1.8% is required to achieve expected profit on schedule.모든 업데이트 보기Recent updates공시 • Mar 07Argo Queensland proposed to acquire Bowen Coking Coal Limited (ASX:BCB).Argo Queensland proposed to acquire Bowen Coking Coal Limited (ASX:BCB) on March 5, 2026. Argo Bowen is acquiring Bowen Coking Coal Limited (Bowen) and its steelmaking coal business via a deed of company arrangement after Bowen and its subsidiaries entered administration and receivership in July 2025. Bruce Adkins, Nick Thorne and Stuart Clague, Richard Brockett, Lucas Wilk of Johnson Winter & Slattery act as legal advisor for Argo Queensland.공시 • Jul 03Bowen Coking Coal Limited Announces Resignation of Michael Chapman as Non-Executive DirectorBowen Coking Coal Limited announced that Mr. Michael Chapman has resigned as a non-executive director of the Company.Board Change • Feb 04Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Malte von der Ropp was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Jan 23Bowen Coking Coal Ltd Appoints Andrew Mooney as Chief Financial Officer, Effective from 17 February 2025Bowen Coking Coal Ltd. announced the appointment of Andrew Mooney as Chief Financial Officer (CFO), effective from 17 February 2025, or earlier as agreed. As an accomplished finance leader with more than 25 years' experience leading large, high- performing accounting and commercial teams across multiple organizations and countries, Mr. Mooney will manage finance, capital management, treasury, tax, risk management, investor relations and ensuring that the financial operations of the group support the delivery of business objectives. He will also be a member of Bowen's group executive team. Mr. Mooney is a qualified chartered accountant and graduate of the Australian Institute of Company Directors and has a proven track record of performance across all finance disciplines including accounting, financial reporting, planning and analysis, investor relations, treasury, strategic planning, audit, business development, governance and change management. He has also led external affairs departments covering media, government relations, and communications and has significant experience working with the Board of Director's and its various sub-committees. Mr. Mooney has served in senior roles for PricewaterhouseCoopers and Deloitte and has 15 years' resource industry experience having worked in senior roles for internationally-listed mining businesses including Coronado Global Resources, Peabody Energy and Macarthur Coal. His most recent position was as CFO for EQ Resources Limited.공시 • Jan 13Bowen Coking Coal Limited Announces Resignation of Neville Sneddon as Non-Executive DirectorBowen Coking Coal Ltd. advised that Mr. Neville Sneddon has resigned from his position as a Non-Executive Director. Mr. Sneddon played a key role in Bowen's transition from exploration to steady-state production at the Burton Mine Complex, as well as strengthening the Company's balance sheet during 2024. As part of an ongoing board and leadership renewal process, Mr. Sneddon has decided to step down from the Board.Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Malte von der Ropp was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 28Bowen Coking Coal Limited Announces Board ChangesBowen Coking Coal Limited made changes to its Board as it progresses to the next phase of its transformation plan: Executive Chairman, Mr. Nick Jorss, will move to the role of Non-Executive Director after the Company appoints a Non-Executive Chairperson before the second quarter of next year. Mr. Staffan Ever, a co-founder and Executive Chairman of the Square Group has been appointed as a Non- Executive Director. Mr. Michael Chapman, an experienced mining engineer who previously held Chief Operating Officer roles at White Energy Company and Felix Resources has been appointed as a Non-Executive Director. Mr. Jorss joined Bowen in December 2018 as a Non-Executive Director. Jorss stepped up to the Executive Chairman role in February 2021 to lead the company's transition from exploration phase to production phase. Now that the company has achieved this steady state production, Mr. Jorss will return to his Non-Executive Director role. Dip. Mining Engineering. Mr. Chapman is a mining engineer with over 55 years' experience in the exploration, development, engineering, construction and management of open-cut and underground mining projects in Australia and overseas in commodities spanning coal, iron ore, copper and nickel. Formerly the Chief Operating Officer at White Energy, he currently serves as the company's Non-Executive Director. Prior to that he was Chief Operating Officer at Felix Resources Limited. MBA, M.Sc. (Civil Eng.) Mr. Ever is a highly experienced executive in the resource sector with experience in marketing and trading commodities with a primary focus on coking coal and managing and financing projects from greenfields through to production, coupled with extensive experience in mergers and acquisitions. He is a co-founder and Executive Chairman of the Square Group of Companies. Mr. Ever previously served as Chief Executive Officer of QCoal, General Manager of AMCI Australia and was founder and Managing Partner of Triangle Resource Fund. Mr. Ever was Director of Realm Resources Limited (ASX), and Coalbank Ltd. He served as director of all Australian investee companies on behalf of AMCI.New Risk • Nov 13New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 286% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Shareholders have been substantially diluted in the past year (286% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$80.0m market cap, or US$52.2m).Breakeven Date Change • Nov 13Forecast breakeven date pushed back to 2026The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$121.0m in 2026. Average annual earnings growth of 54% is required to achieve expected profit on schedule.공시 • Oct 10Bowen Coking Coal Limited, Annual General Meeting, Nov 28, 2024Bowen Coking Coal Limited, Annual General Meeting, Nov 28, 2024.공시 • Oct 09Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 70 million.Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 70 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,500,000,000 Price\Range: AUD 0.009 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,277,777,778 Price\Range: AUD 0.009 Transaction Features: Regulation S; Rights OfferingReported Earnings • Sep 20Full year 2024 earnings released: AU$0.037 loss per share (vs AU$0.094 loss in FY 2023)Full year 2024 results: AU$0.037 loss per share (improved from AU$0.094 loss in FY 2023). Revenue: AU$450.2m (up 114% from FY 2023). Net loss: AU$95.5m (loss narrowed 41% from FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 62% per year whereas the company’s share price has fallen by 57% per year.Board Change • Aug 29Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Neville Sneddon was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Aug 23Bowen Coking Coal Ltd Announces Resignation of David Conry AM as Non-Executive DirectorBowen Coking Coal Ltd. announced that Mr. David Conry AM has resigned as a non-executive director of the Company. Mr. Conry has been a valued member of the company's board since June 2023. His experience and commitment and support to Bowen have been critical to the progress of the company's transformation plan.New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$89m). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (AU$122.5m market cap, or US$80.2m).Buy Or Sell Opportunity • Jul 17Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to AU$0.053. The fair value is estimated to be AU$0.043, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 134% over the last 3 years. Earnings per share has declined by 96%.Buy Or Sell Opportunity • Jun 30Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to AU$0.053. The fair value is estimated to be AU$0.042, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 134% over the last 3 years. Earnings per share has declined by 96%.New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$145.2m (US$96.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$89m). Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (AU$145.2m market cap, or US$96.7m).New Risk • Jun 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$89m). Share price has been volatile over the past 3 months (12% average weekly change).New Risk • Apr 29New major risk - Revenue and earnings growthEarnings have declined by 82% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 82% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$89m). Market cap is less than US$100m (AU$139.4m market cap, or US$91.5m).Recent Insider Transactions • Mar 19Executive Chairman recently bought AU$100k worth of stockOn the 18th of March, Nicholas Jorss bought around 2m shares on-market at roughly AU$0.05 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$268k. Nicholas has been a buyer over the last 12 months, purchasing a net total of AU$468k worth in shares.Reported Earnings • Mar 16First half 2024 earnings released: AU$0.028 loss per share (vs AU$0.037 loss in 1H 2023)First half 2024 results: AU$0.028 loss per share. Revenue: AU$235.7m (up AU$208.4m from 1H 2023). Net loss: AU$65.1m (loss widened 6.4% from 1H 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Australia.Recent Insider Transactions • Feb 06Executive Chairman recently bought AU$268k worth of stockOn the 2nd of February, Nicholas Jorss bought around 4m shares on-market at roughly AU$0.067 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Nicholas has been a buyer over the last 12 months, purchasing a net total of AU$368k worth in shares.공시 • Jan 30Bowen Coking Coal Limited Announces CEO ChangesBowen Coking Coal Ltd. appointed Mr. Daryl Edwards as Chief Executive Officer (CEO), effective immediately. The former CEO, Mr. Mark Ruston will be available to assist the Company through to his completion date of 25 May 2024 following his resignation to pursue other interests. Mr. Edwards has served as the Company's Chief Financial Officer since October 2020 where he has been instrumental in navigating the Company from explorer through the startup phase and into production. His significant senior management experience across coal operations and financing has delivered marked improvements in the Company's cost control and reporting. He was also responsible for sourcing and negotiating the equity and debt funding required for the Company, including the recent refinancing arrangements, to become one of Queensland's newest coking coal producers. Daryl is a seasoned mining and finance professional with a proven track record in coal project development, finance, and operations. He is across every part of our business in detail and is highly motivated to transition Bowen to the next stage as a significant and profitable independent Queensland coal producer. Mr. Edwards is a Chartered Accountant with over 25 years' experience in the mining and manufacturing industries. He has held various executive positions including CEO of private Australian coal explorer Pioneer Coal, and CFO and Head of Corporate Development for Universal Coal plc for over seven years, where he managed the commercialisation of the 4Mpta Kangala Colliery and the 3.3Mtpa New Clydesdale Colliery. Previously, Mr. Edwards was CFO at Asenjo Energy.공시 • Dec 05Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 6.75258 million.Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 6.75258 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 75,028,667 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0018 Transaction Features: Subsequent Direct Listing공시 • Nov 29Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 6.75258 million.Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 6.75258 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 75,028,667 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0018 Transaction Features: Subsequent Direct ListingNew Risk • Nov 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change).New Risk • Nov 22New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$196m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$196m). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (44% increase in shares outstanding).공시 • Nov 04Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 186,680,724 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0045 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 180,555,556 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0045 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 188,319,276 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0045 Transaction Features: Rights Offering; Subsequent Direct ListingNew Risk • Nov 03New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$196m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$196m). Shareholders have been diluted in the past year (23% increase in shares outstanding).Breakeven Date Change • Oct 24Forecast breakeven date moved forward to 2024The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$189.0m in 2024. Earnings growth of 65% is required to achieve expected profit on schedule.Recent Insider Transactions • Oct 10Executive Chairman recently bought AU$100k worth of stockOn the 5th of October, Nicholas Jorss bought around 830k shares on-market at roughly AU$0.12 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Nicholas' only on-market trade for the last 12 months.공시 • Sep 29Bowen Coking Coal Limited, Annual General Meeting, Nov 22, 2023Bowen Coking Coal Limited, Annual General Meeting, Nov 22, 2023, at 10:00 E. Australia Standard Time.New Risk • Aug 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$170m). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (38% increase in shares outstanding).공시 • Jul 27Bowen Coking Coal Limited Announces Resignation of Gerhard Redelinghuys as Executive DirectorBowen Coking Coal Ltd. announced that Mr. Gerhard Redelinghuys has provided notice to resign his position as an executive director of Bowen Coking Coal due to personal circumstances, and will serve out his notice period to effect an orderly transition of his existing duties.공시 • Jul 25Bowen Coking Coal Limited Announces Directors ResignationBowen Coking Coal Ltd. confirms that Mr. Matthew Latimore has tendered a resignation notice, resigning as a non-executive Director of Bowen Coking Coal in order to pursue other business interests. The marketing activities conducted by M Resources will continue unaffected. Mr. Latimore will continue to be available to provide strategic advice to the Company on opportunities to continue to grow and enhance shareholder value outcomes. As a result of Mr. Latimore's resignation, Mr. Stephen Downs will also resign (as Mr. Latimore's appointed alternate director).공시 • Jun 27Bowen Coking Coal Ltd Appoints David Conry as an Independent Non-Executive DirectorBowen Coking Coal Ltd. announced the appointment of Mr. David Conry AM as an independent Non-Executive Director. Mr. David Conry AM is an experienced company director and senior executive, who has held several board roles in the private and public sectors and for all three levels of government. Mr. Conry has experience in the mining industry, strategy and communication, corporate administration, finance and compliance as well as private and executive interests in investment, advisory services. Most recently, David was Chairman and Chief Executive Officer of Australian Pacific Coal Limited where he oversaw the successful application to extend the mining lease of the company's primary underground asset at Dartbrook in the Hunter Valley. Prior to his retirement from this role the company announced a joint venture that would see the mine work toward recommencing operations from care and maintenance. This, together with complete debt repayment including a $100 million recapitalization added significantly to the company's enterprise value over the period of his tenure. Mr. Conry will join the Company's newly formed Audit & Risk Management and Nomination & Remuneration Committees, along with non-executive directors Matt Latimore and Neville Sneddon. Mr. Conry will chair the Audit & Risk Management Committee.공시 • Jun 07Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 209,805,071 Price\Range: AUD 0.17 Discount Per Security: AUD 0.00646 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 25,489,047 Price\Range: AUD 0.17 Discount Per Security: AUD 0.00646 Transaction Features: Subsequent Direct ListingBreakeven Date Change • May 01Forecast breakeven date pushed back to 2024The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 15% to 2023. The company is expected to make a profit of AU$182.5m in 2024. Average annual earnings growth of 37% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 06Forecast breakeven date moved forward to 2023The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$179.2m in 2023. Earnings growth of 6.8% is required to achieve expected profit on schedule.Breakeven Date Change • Mar 16The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$179.2m in 2023. Earnings growth of 1.8% is required to achieve expected profit on schedule.Recent Insider Transactions • Feb 04Non-Executive Director recently sold AU$11m worth of stockOn the 2nd of February, Matthew Latimore sold around 40m shares on-market at roughly AU$0.27 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$25m more than they bought in the last 12 months.Buying Opportunity • Nov 26Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 38%. The fair value is estimated to be AU$0.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 155% over the last 3 years. Earnings per share has declined by 60%.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Neville Sneddon was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Aug 03Non-Executive Director recently sold AU$14m worth of stockOn the 1st of August, Matthew Latimore sold around 50m shares on-market at roughly AU$0.27 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$14m more than they bought in the last 12 months.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Neville Sneddon was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 11Bowen Coking Coal Limited Commences Mining At Bluff Open-Cut PCI MineBowen 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.Recent Insider Transactions • Mar 17Non-Executive Director recently sold AU$292k worth of stockOn the 14th of March, Matthew Latimore sold around 1m shares on-market at roughly AU$0.28 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.공시 • Mar 06Bowen Coking Coal Limited's Broadmeadow East Project Receives Final ApprovalBowen Coking Coal Limited's Broadmeadow East Project in Queensland's Bowen Basin is a major step closer to first production after receiving formal approval from the Queensland State Government for an amendment to the project's existing Environmental Authority. Alongside the existing, granted Mining Lease, this is the final approval required in order to commence mining operations on site. Located around 25km north-east of the coal mining town of Moranbah, Bowen's 100%-owned Broadmeadow East Project is a near term open cut mine with access to infrastructure and a JORC Resource Estimate of 33 million tonnes. Studies have indicated a run of mine production target of 0.8 million tonnes per annum (mtpa) to 1.1mtpa over a five-to-seven-year period1. Broadmeadow East forms the first planned pit of the expanded Burton Complex which includes the Burton Coal Mine and New Lenton Project. First production will be processed under an infrastructure sharing agreement with Fitzroy (CQ) Pty Ltd, which will fast-track development and minimise the initial capital outlay. Recent capital raisings have ensured Bowen has sufficient cash resources to fund the commencement of operations3.공시 • Feb 17Bowen Coking Coal Limited announced that it expects to receive AUD 41.470763 million in fundingBowen Coking Coal Limited announced a private placement of 207,353,813 shares at a price of AUD 0.20 per share for gross proceeds of AUD 41,470,762.6 on February 17, 2022. The company expects to close the transaction on or before February 24, 2022.공시 • Jun 16Bowen Coking Coal Ltd. Announces Updates on Exploration Program At Hillalong SouthBowen Coking Coal Ltd. announced some significant early results of the current exploration program underway at Hillalong South. The total program comprises 8 rotary drill holes with geophysics to firm up the geological understanding of the area, and up to 3 cored holes to support coal quality analysis and a potential resource estimate in accordance with the JORC code. The shallow intersection of the target seams in drill hole HIL054 occurs approximately 550m south of drill hole HIL018C, the southernmost drill hole in the 2019 drilling campaign, which demonstrated the ability to produce a low ash, high quality coking coal with CSN's as high as 7½ from the coking coal fraction. The 2020 laboratory data for product quality and washability of Hillalong South was very encouraging as it demonstrated the potential to wash a low ash primary coking coal with a secondary PCI for a combined yield of up to 89%, or a primary coking coal with a secondary energy coal for a combined yield of up to 87% from the holes that were not affected by igneous intrusions1.공시 • Jun 09Bowen Coking Coal Ltd Confirms the Potential for High Quality Coking Coal at its 100%-Owned Broadmeadow East Project in Queensland's Prolific Bowen BasinBowen Coking Coal Ltd. has confirmed the potential for high quality coking coal at its 100%-owned Broadmeadow East Project in Queensland's prolific Bowen Basin following the completion of its coal quality exploration drilling program. The results demonstrated the flexibility of the resource to produce a primary coking coal product of either high quality (7.5% ash, CSN 7.5) or high yield (9.2% ash, CSN 4.5). In both of the primary product cases, the secondary energy coal created from the primary coking coal discard has a calorific value of more than 6,500kcal/kg (ad) which is also a sought-after product for the export coal markets. Total laboratory yield for the combined products ranges between 77% and 86%. The latest drilling has confirmed that the Leichhardt seam extends into the area south of the existing Measured Resource area of the project1, within the granted Mining Lease, and has a current JORC Resource estimate of 33 million1 tonnes. Other than the thickening of the coal seam, quality and washability analysis from these two holes (CQBE0006 and CQBE0008) have indicated a significant improvement in coal quality (lower ash and higher yield) from the northern area and paves the way for a potential mine layout extension in this area. Bowen Coking Coal Director and coal marketing specialist Mr. Matt Latimore said the preliminary laboratory data for product quality and washability of Broadmeadow East was very encouraging in terms of both yield results and potential coal quality. The results confirmed Bowen's view that the lower two thirds section of the 3.8m thick Leichhardt seam contains better coking properties and a higher yield and therefore justifies investigation of a two-pass mining method. It was also confirmed that the lower section contains lower impurities such as phosphorus and therefore supports a higher quality coking coal. Previous coal quality analysis had been limited to an aggregated total seam analysis. Raw coal quality analysis for the Vermont Lower and Girrah seams identified some plies with lower raw ash. Further washability analysis is underway which will provide more information towards assessing the seams' potential. Technical studies related to the major Environmental Authority amendment are progressing well and approval is anticipated in the later part of this year. Discussions for access to third party infrastructure continues in order to fast-track development of the project and to minimise initial capital outlay.공시 • May 24Bowen Coking Coal Limited Announces Commencement of Drilling At Hillalong Coking Coal ProjectBowen Coking Coal Limited planned to drill up to 11 exploration holes at its Hillalong Coking Coal Project to target the definition of a maiden resource in the southern area, potentially extend resources for Hillalong North and test for the existence of Moranbah Coal Measures in the south east of the tenement. The Phase 2a exploration program at Hillalong, which lies in close proximity to the Hail Creek mine in the northern Bowen Basin, follows the interpretation of the first 13km of the planned 37km seismic program, which have been completed in March. Sumitomo Corporation recently committed a further $2.5min Phase 2a to earn an additional 5% in the project though a preexisting FarmIn Agreement. The Japanese conglomerate earned 10% of the project last year after spending $2.5 million on Phase 1 and has the option to earn an additional 5% in the project by spending another $2.5 million on Phase 2b1,.Recent Insider Transactions • Mar 20Director recently bought AU$107k worth of stockOn the 17th of March, Matthew Latimore bought around 2m shares on-market at roughly AU$0.055 per share. In the last 3 months, they made an even bigger purchase worth AU$270k. Insiders have collectively bought AU$1.5m more in shares than they have sold in the last 12 months.공시 • Feb 25Bowen Coking Coal Limited Announces Board ChangesBowen Coking Coal Ltd. appointed Nick Jorss as Executive Chairman of the Company. Mr. Jorss joined the board of Bowen in December 2018 as Non-Executive Director from Stanmore Coal Limited where, as founder and Managing Director, he led their transition from a coal explorer to a profitable, mid-tier producer. The company announced that outgoing chairman and experienced miner, Neville Sneddon, will remain on the board as a Non-Executive Director. Blair Sergeant will move from an executive role to Non-Executive Director from 1 May 2021. Matt Latimore will continue to add considerable coal market and marketing expertise as a Non-Executive Director.공시 • Feb 14Bowen Coking Coal Limited Announces New Target Areas Identified At Broadmeadow East Coking Coal ProjectBowen Coking Coal Ltd. has identified two additional targets at its 100% owned Broadmeadow East Project in Queensland's prolific Bowen Basin following the completion of its coal quality drilling program. New drilling has confirmed that the Leichhardt seam extends into the area south of the existing Measured Resource area of the project1, which sits within a granted Mining Lease and has a current JORC Resource estimate of 33 million tonnes. Two drill holes in this previously unexplored area encountered the Leichhardt seam at depths of 52m and 62m respectively and importantly, it has thickened to a 4m seam in this area. Scout drilling also intersected the previously unexplored Vermont Lower ("VL") seam in two holes from as shallow as 36.1m. The cored section of the seam in hole CBQ0012 was 2.4m thick, which includes a 0.5m thick tuff parting. Core from this hole was obtained late in the program and therefore results will lag those of the Leichhardt seam cores. The full Girrah seam was also cored and will undergo the same tests as the Vermont Lower seam. The results of the exploration program will now be incorporated into the geological model to support further mine planning, which could now include an extension to the proposed mine layout previously bound by the Measured Resource area north of the power line. On completion, washability and product coal quality analysis will be used to support a Decision to Mine, planned for the second half of the year. Meanwhile, discussions for access to third party infrastructure is underway to fasttrack development of the project and to minimise initial capital requirements. Seam intersections were consistent with expectations based on historic exploration data of most holes. Results from hole CQBE003 indicate part of the lower working section have been affected by an intrusion. Although raw coal quality data compares favourably with historic data, the ply analysis indicates a distinct quality difference between the upper and lower working section of the Leichhardt seam and therefore the full spectrum of fast float, washability and clean coal analysis will be undertaken on both working sections. Furthermore, raw coal quality analysis for the Vermont Lower and Girrah seams are underway, which could provide valuable information towards assessing the seams' potential.공시 • Feb 02Bowen Coking Coal Ltd Announces the Appointment of Mr. Daryl Edwards as Chief Financial OfficerBowen Coking Coal Ltd. announced the appointment of Mr. Daryl Edwards as Chief Financial Officer for the Company. Mr. Edwards is a Chartered Accountant with over 22 years' experience in the mining and manufacturing industries. He has held various executive positions including CEO of a private Australian coal explorer Pioneer Coal and CFO and Head of Corporate Development for Universal Coal plc for over 7 years, where he managed the commercialisation of the 4Mpta Kangala Colliery and the 3.3Mtpa New Clydesdale Colliery. Previously, Mr. Edwards was CFO at Asenjo Energy.공시 • Nov 25Bowen Coking Coal Limited announced that it has received AUD 3 million in fundingOn November 24, 2020, Bowen Coking Coal Limited (ASX:BCB) closed the transaction.공시 • Oct 03Bowen Coking Coal Ltd Lodges Site-specific Environmental Authority Application with the Queensland Government Department of Environment and Science for the Company's 100% Owned Isaac River Coking Coal ProjectBowen Coking Coal Ltd. announced that it has lodged a sitespecific Environmental Authority ("EA") application with the Queensland Government Department of Environment and Science for the Company's 100% owned Isaac River Coking Coal Project ("Project"), located along strike of BHP Mitsubishi Alliance's ("BMA") Daunia Mine in the Bowen Basin, Central Queensland. Mining Lease Applications ("MLA") 700062 & 700063 were lodged earlier this year covering most of MDL 444, access to the project as well as a small section of EPC 830. Further to the lodging of the MLA, the lodgement of the EA application for Isaac River represents a significant milestone in the critical path to converting the project into a producing asset. The requirement for new EA applicants to develop and submit a progressive rehabilitation and closure plan ("PRCP") became effective on 1 November 2019. Given this is a relatively new legislative framework with little precedence, considerable effort has been given to ensuring the project meets the Queensland Government Mined Land Rehabilitation Policy. Mine planning and design studies were undertaken to ensure that BCB could comply with the policy whilst maintaining the economic integrity of the project. The Initial Development Plan submitted with the MLA proposes a contractor operated open cut operation along with highwall mining, utilizing off site infrastructure and toll washing of mined coal at a nearby facility. The Project hosts a 8.7Mt Resource in accordance with the JORC code (2012) of which 5.7Mt are classified as Measured Resources and 2.6Mt are classified as Indicated Resources. Washability tests have confirmed the potential to produce a high quality coking coal and secondary PCI coal from the Leichhardt and Vermont seams in the Rangals Coal Meassures, similar to regional operating mines.공시 • Oct 01+ 1 more updateBowen Coking Coal Limited (ASX:BCB) completed the acquisition of Broadmeadow East Coking Coal Project from Peabody (burton Coal) Pty Ltd.Bowen Coking Coal Limited (ASX:BCB) agreed to acquire Broadmeadow East Coking Coal Project from Peabody (Burton Coal) Pty Ltd. for AUD 1.5 million on June 24, 2020. Total consideration payable is cash consideration of AUD 1 million payable upon Completion, royalty of AUD 1/t on all coal produced and sold from ML 70257, to a maximum of 1.5Mt, being AUD 1.5 million, assumption of environmental rehabilitation obligations and AUD 0.5 million cash consideration for land compensation, payable only upon site works commencing or the renewal of the ML, whichever occurs first. The transaction will be financed through capital raising. Firm commitments have been received for 45 million ordinary fully paid shares at an issue price of $0.05 per share, to raise a total of AUD 2.25 million before costs. The transaction is subject to indicative approval to transfer from the Minister of Mines, any conditions attached subject to Bowen Coking Coal’s approval, acting reasonably, entering into the deeds of covenant relating to CHPP, Haul Road and TLO tolling/access with the consent of New Lenton Joint Venture and the de-amalgamation of ML 70257 from the Burton Mine Environmental Authority. The transaction is expected to complete between 3 to 6 months. Bowen Coking Coal Limited (ASX:BCB) completed the acquisition of Broadmeadow East Coking Coal Project from Peabody (Burton Coal) Pty Ltd. on September 30, 2020. All conditions precedent to the transaction have been satisfied.공시 • Sep 30Bowen Coking Coal Limited Announces Resignation of Steven Formica and James Agenbag from the Position of Non-Executive Directors, Effective from October 31, 2020Bowen Coking Coal Ltd. announced that non-executive directors Mr. Steven Formica and Mr. James Agenbag have tendered their director resignations with effect from 31 October 2020.Reported Earnings • Sep 25Full year earnings released - AU$0.0026 loss per shareOver the last 12 months the company has reported total losses of AU$2.06m, with losses widening by 30% from the prior year.이익 및 매출 성장 예측CHIA:BCB - 애널리스트 향후 추정치 및 과거 재무 데이터 (AUD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/202856128N/AN/A16/30/202755324N/A10316/30/202638516N/A5516/30/2025372-2N/A33112/31/2024410-39-63-12N/A9/30/2024430-67-77-8N/A6/30/2024450-95-90-5N/A3/31/2024434-131-901N/A12/31/2023418-167-897N/A9/30/2023314-165-143-49N/A6/30/2023210-163-196-105N/A3/31/2023125-118-183-105N/A12/31/202239-74-170-105N/A9/30/202226-46-102-62N/A6/30/202212-18-34-19N/A3/31/20226-13-22-12N/A12/31/2021N/A-7-9-4N/A9/30/2021N/A-5-8-3N/A6/30/2021N/A-3-7-3N/A3/31/20210-3-7-2N/A12/31/20200-3-7-2N/A9/30/20200-2-6-2N/A6/30/20200-2-6-2N/A3/31/20200-2-5-2N/A12/31/20190-2-4-1N/A9/30/20190-2-3-1N/A6/30/20190-2-3-1N/A3/31/20190-1-3-2N/A12/31/20180-1-3-2N/A9/30/20180-1N/A-2N/A6/30/20180-1N/A-1N/A3/31/20180-1N/A-1N/A12/31/2017N/A-1N/A-1N/A9/30/2017N/A-1N/A-1N/A6/30/2017N/A-1N/A-1N/A3/31/2017N/A-1N/A-1N/A12/31/2016N/A-1N/A-1N/A9/30/2016N/A0N/A-1N/A6/30/2016N/A0N/A0N/A12/31/2015N/A0N/A0N/A9/30/2015N/A-1N/A-1N/A6/30/2015N/A-2N/A-1N/A12/31/20140-2N/A-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BCB 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(3.1%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: BCB (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: BCB 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: BCB 의 수익(연간 12.3%)이 Australian 시장(연간 6.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: BCB 의 수익(연간 12.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: BCB의 자본 수익률은 3년 후 15.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/10/12 08:47종가2025/07/15 00:00수익2024/12/31연간 수익2024/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Bowen Coking Coal Limited는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Chris KallosEdison Investment Researchnull nullIndependent Investment Research (Aust.) Pty LtdAndrew HinesShaw and Partners Limited
Breakeven Date Change • Nov 13Forecast breakeven date pushed back to 2026The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$121.0m in 2026. Average annual earnings growth of 54% is required to achieve expected profit on schedule.
Breakeven Date Change • Oct 24Forecast breakeven date moved forward to 2024The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$189.0m in 2024. Earnings growth of 65% is required to achieve expected profit on schedule.
Breakeven Date Change • May 01Forecast breakeven date pushed back to 2024The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 15% to 2023. The company is expected to make a profit of AU$182.5m in 2024. Average annual earnings growth of 37% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 06Forecast breakeven date moved forward to 2023The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$179.2m in 2023. Earnings growth of 6.8% is required to achieve expected profit on schedule.
Breakeven Date Change • Mar 16The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$179.2m in 2023. Earnings growth of 1.8% is required to achieve expected profit on schedule.
공시 • Mar 07Argo Queensland proposed to acquire Bowen Coking Coal Limited (ASX:BCB).Argo Queensland proposed to acquire Bowen Coking Coal Limited (ASX:BCB) on March 5, 2026. Argo Bowen is acquiring Bowen Coking Coal Limited (Bowen) and its steelmaking coal business via a deed of company arrangement after Bowen and its subsidiaries entered administration and receivership in July 2025. Bruce Adkins, Nick Thorne and Stuart Clague, Richard Brockett, Lucas Wilk of Johnson Winter & Slattery act as legal advisor for Argo Queensland.
공시 • Jul 03Bowen Coking Coal Limited Announces Resignation of Michael Chapman as Non-Executive DirectorBowen Coking Coal Limited announced that Mr. Michael Chapman has resigned as a non-executive director of the Company.
Board Change • Feb 04Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Malte von der Ropp was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Jan 23Bowen Coking Coal Ltd Appoints Andrew Mooney as Chief Financial Officer, Effective from 17 February 2025Bowen Coking Coal Ltd. announced the appointment of Andrew Mooney as Chief Financial Officer (CFO), effective from 17 February 2025, or earlier as agreed. As an accomplished finance leader with more than 25 years' experience leading large, high- performing accounting and commercial teams across multiple organizations and countries, Mr. Mooney will manage finance, capital management, treasury, tax, risk management, investor relations and ensuring that the financial operations of the group support the delivery of business objectives. He will also be a member of Bowen's group executive team. Mr. Mooney is a qualified chartered accountant and graduate of the Australian Institute of Company Directors and has a proven track record of performance across all finance disciplines including accounting, financial reporting, planning and analysis, investor relations, treasury, strategic planning, audit, business development, governance and change management. He has also led external affairs departments covering media, government relations, and communications and has significant experience working with the Board of Director's and its various sub-committees. Mr. Mooney has served in senior roles for PricewaterhouseCoopers and Deloitte and has 15 years' resource industry experience having worked in senior roles for internationally-listed mining businesses including Coronado Global Resources, Peabody Energy and Macarthur Coal. His most recent position was as CFO for EQ Resources Limited.
공시 • Jan 13Bowen Coking Coal Limited Announces Resignation of Neville Sneddon as Non-Executive DirectorBowen Coking Coal Ltd. advised that Mr. Neville Sneddon has resigned from his position as a Non-Executive Director. Mr. Sneddon played a key role in Bowen's transition from exploration to steady-state production at the Burton Mine Complex, as well as strengthening the Company's balance sheet during 2024. As part of an ongoing board and leadership renewal process, Mr. Sneddon has decided to step down from the Board.
Board Change • Dec 24Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Malte von der Ropp was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 28Bowen Coking Coal Limited Announces Board ChangesBowen Coking Coal Limited made changes to its Board as it progresses to the next phase of its transformation plan: Executive Chairman, Mr. Nick Jorss, will move to the role of Non-Executive Director after the Company appoints a Non-Executive Chairperson before the second quarter of next year. Mr. Staffan Ever, a co-founder and Executive Chairman of the Square Group has been appointed as a Non- Executive Director. Mr. Michael Chapman, an experienced mining engineer who previously held Chief Operating Officer roles at White Energy Company and Felix Resources has been appointed as a Non-Executive Director. Mr. Jorss joined Bowen in December 2018 as a Non-Executive Director. Jorss stepped up to the Executive Chairman role in February 2021 to lead the company's transition from exploration phase to production phase. Now that the company has achieved this steady state production, Mr. Jorss will return to his Non-Executive Director role. Dip. Mining Engineering. Mr. Chapman is a mining engineer with over 55 years' experience in the exploration, development, engineering, construction and management of open-cut and underground mining projects in Australia and overseas in commodities spanning coal, iron ore, copper and nickel. Formerly the Chief Operating Officer at White Energy, he currently serves as the company's Non-Executive Director. Prior to that he was Chief Operating Officer at Felix Resources Limited. MBA, M.Sc. (Civil Eng.) Mr. Ever is a highly experienced executive in the resource sector with experience in marketing and trading commodities with a primary focus on coking coal and managing and financing projects from greenfields through to production, coupled with extensive experience in mergers and acquisitions. He is a co-founder and Executive Chairman of the Square Group of Companies. Mr. Ever previously served as Chief Executive Officer of QCoal, General Manager of AMCI Australia and was founder and Managing Partner of Triangle Resource Fund. Mr. Ever was Director of Realm Resources Limited (ASX), and Coalbank Ltd. He served as director of all Australian investee companies on behalf of AMCI.
New Risk • Nov 13New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 286% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Shareholders have been substantially diluted in the past year (286% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$80.0m market cap, or US$52.2m).
Breakeven Date Change • Nov 13Forecast breakeven date pushed back to 2026The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$121.0m in 2026. Average annual earnings growth of 54% is required to achieve expected profit on schedule.
공시 • Oct 10Bowen Coking Coal Limited, Annual General Meeting, Nov 28, 2024Bowen Coking Coal Limited, Annual General Meeting, Nov 28, 2024.
공시 • Oct 09Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 70 million.Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 70 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,500,000,000 Price\Range: AUD 0.009 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,277,777,778 Price\Range: AUD 0.009 Transaction Features: Regulation S; Rights Offering
Reported Earnings • Sep 20Full year 2024 earnings released: AU$0.037 loss per share (vs AU$0.094 loss in FY 2023)Full year 2024 results: AU$0.037 loss per share (improved from AU$0.094 loss in FY 2023). Revenue: AU$450.2m (up 114% from FY 2023). Net loss: AU$95.5m (loss narrowed 41% from FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 62% per year whereas the company’s share price has fallen by 57% per year.
Board Change • Aug 29Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Neville Sneddon was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Aug 23Bowen Coking Coal Ltd Announces Resignation of David Conry AM as Non-Executive DirectorBowen Coking Coal Ltd. announced that Mr. David Conry AM has resigned as a non-executive director of the Company. Mr. Conry has been a valued member of the company's board since June 2023. His experience and commitment and support to Bowen have been critical to the progress of the company's transformation plan.
New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$89m). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (AU$122.5m market cap, or US$80.2m).
Buy Or Sell Opportunity • Jul 17Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to AU$0.053. The fair value is estimated to be AU$0.043, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 134% over the last 3 years. Earnings per share has declined by 96%.
Buy Or Sell Opportunity • Jun 30Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to AU$0.053. The fair value is estimated to be AU$0.042, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 134% over the last 3 years. Earnings per share has declined by 96%.
New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$145.2m (US$96.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$89m). Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (AU$145.2m market cap, or US$96.7m).
New Risk • Jun 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$89m). Share price has been volatile over the past 3 months (12% average weekly change).
New Risk • Apr 29New major risk - Revenue and earnings growthEarnings have declined by 82% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 82% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$89m). Market cap is less than US$100m (AU$139.4m market cap, or US$91.5m).
Recent Insider Transactions • Mar 19Executive Chairman recently bought AU$100k worth of stockOn the 18th of March, Nicholas Jorss bought around 2m shares on-market at roughly AU$0.05 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$268k. Nicholas has been a buyer over the last 12 months, purchasing a net total of AU$468k worth in shares.
Reported Earnings • Mar 16First half 2024 earnings released: AU$0.028 loss per share (vs AU$0.037 loss in 1H 2023)First half 2024 results: AU$0.028 loss per share. Revenue: AU$235.7m (up AU$208.4m from 1H 2023). Net loss: AU$65.1m (loss widened 6.4% from 1H 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Australia.
Recent Insider Transactions • Feb 06Executive Chairman recently bought AU$268k worth of stockOn the 2nd of February, Nicholas Jorss bought around 4m shares on-market at roughly AU$0.067 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Nicholas has been a buyer over the last 12 months, purchasing a net total of AU$368k worth in shares.
공시 • Jan 30Bowen Coking Coal Limited Announces CEO ChangesBowen Coking Coal Ltd. appointed Mr. Daryl Edwards as Chief Executive Officer (CEO), effective immediately. The former CEO, Mr. Mark Ruston will be available to assist the Company through to his completion date of 25 May 2024 following his resignation to pursue other interests. Mr. Edwards has served as the Company's Chief Financial Officer since October 2020 where he has been instrumental in navigating the Company from explorer through the startup phase and into production. His significant senior management experience across coal operations and financing has delivered marked improvements in the Company's cost control and reporting. He was also responsible for sourcing and negotiating the equity and debt funding required for the Company, including the recent refinancing arrangements, to become one of Queensland's newest coking coal producers. Daryl is a seasoned mining and finance professional with a proven track record in coal project development, finance, and operations. He is across every part of our business in detail and is highly motivated to transition Bowen to the next stage as a significant and profitable independent Queensland coal producer. Mr. Edwards is a Chartered Accountant with over 25 years' experience in the mining and manufacturing industries. He has held various executive positions including CEO of private Australian coal explorer Pioneer Coal, and CFO and Head of Corporate Development for Universal Coal plc for over seven years, where he managed the commercialisation of the 4Mpta Kangala Colliery and the 3.3Mtpa New Clydesdale Colliery. Previously, Mr. Edwards was CFO at Asenjo Energy.
공시 • Dec 05Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 6.75258 million.Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 6.75258 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 75,028,667 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0018 Transaction Features: Subsequent Direct Listing
공시 • Nov 29Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 6.75258 million.Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 6.75258 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 75,028,667 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0018 Transaction Features: Subsequent Direct Listing
New Risk • Nov 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change).
New Risk • Nov 22New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$196m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$196m). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (44% increase in shares outstanding).
공시 • Nov 04Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.Bowen Coking Coal Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 186,680,724 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0045 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 180,555,556 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0045 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 188,319,276 Price\Range: AUD 0.09 Discount Per Security: AUD 0.0045 Transaction Features: Rights Offering; Subsequent Direct Listing
New Risk • Nov 03New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$196m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$196m). Shareholders have been diluted in the past year (23% increase in shares outstanding).
Breakeven Date Change • Oct 24Forecast breakeven date moved forward to 2024The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$189.0m in 2024. Earnings growth of 65% is required to achieve expected profit on schedule.
Recent Insider Transactions • Oct 10Executive Chairman recently bought AU$100k worth of stockOn the 5th of October, Nicholas Jorss bought around 830k shares on-market at roughly AU$0.12 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Nicholas' only on-market trade for the last 12 months.
공시 • Sep 29Bowen Coking Coal Limited, Annual General Meeting, Nov 22, 2023Bowen Coking Coal Limited, Annual General Meeting, Nov 22, 2023, at 10:00 E. Australia Standard Time.
New Risk • Aug 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$170m). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (38% increase in shares outstanding).
공시 • Jul 27Bowen Coking Coal Limited Announces Resignation of Gerhard Redelinghuys as Executive DirectorBowen Coking Coal Ltd. announced that Mr. Gerhard Redelinghuys has provided notice to resign his position as an executive director of Bowen Coking Coal due to personal circumstances, and will serve out his notice period to effect an orderly transition of his existing duties.
공시 • Jul 25Bowen Coking Coal Limited Announces Directors ResignationBowen Coking Coal Ltd. confirms that Mr. Matthew Latimore has tendered a resignation notice, resigning as a non-executive Director of Bowen Coking Coal in order to pursue other business interests. The marketing activities conducted by M Resources will continue unaffected. Mr. Latimore will continue to be available to provide strategic advice to the Company on opportunities to continue to grow and enhance shareholder value outcomes. As a result of Mr. Latimore's resignation, Mr. Stephen Downs will also resign (as Mr. Latimore's appointed alternate director).
공시 • Jun 27Bowen Coking Coal Ltd Appoints David Conry as an Independent Non-Executive DirectorBowen Coking Coal Ltd. announced the appointment of Mr. David Conry AM as an independent Non-Executive Director. Mr. David Conry AM is an experienced company director and senior executive, who has held several board roles in the private and public sectors and for all three levels of government. Mr. Conry has experience in the mining industry, strategy and communication, corporate administration, finance and compliance as well as private and executive interests in investment, advisory services. Most recently, David was Chairman and Chief Executive Officer of Australian Pacific Coal Limited where he oversaw the successful application to extend the mining lease of the company's primary underground asset at Dartbrook in the Hunter Valley. Prior to his retirement from this role the company announced a joint venture that would see the mine work toward recommencing operations from care and maintenance. This, together with complete debt repayment including a $100 million recapitalization added significantly to the company's enterprise value over the period of his tenure. Mr. Conry will join the Company's newly formed Audit & Risk Management and Nomination & Remuneration Committees, along with non-executive directors Matt Latimore and Neville Sneddon. Mr. Conry will chair the Audit & Risk Management Committee.
공시 • Jun 07Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.Bowen Coking Coal Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 209,805,071 Price\Range: AUD 0.17 Discount Per Security: AUD 0.00646 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 25,489,047 Price\Range: AUD 0.17 Discount Per Security: AUD 0.00646 Transaction Features: Subsequent Direct Listing
Breakeven Date Change • May 01Forecast breakeven date pushed back to 2024The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 15% to 2023. The company is expected to make a profit of AU$182.5m in 2024. Average annual earnings growth of 37% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 06Forecast breakeven date moved forward to 2023The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$179.2m in 2023. Earnings growth of 6.8% is required to achieve expected profit on schedule.
Breakeven Date Change • Mar 16The 2 analysts covering Bowen Coking Coal previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$179.2m in 2023. Earnings growth of 1.8% is required to achieve expected profit on schedule.
Recent Insider Transactions • Feb 04Non-Executive Director recently sold AU$11m worth of stockOn the 2nd of February, Matthew Latimore sold around 40m shares on-market at roughly AU$0.27 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$25m more than they bought in the last 12 months.
Buying Opportunity • Nov 26Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 38%. The fair value is estimated to be AU$0.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 155% over the last 3 years. Earnings per share has declined by 60%.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Neville Sneddon was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Aug 03Non-Executive Director recently sold AU$14m worth of stockOn the 1st of August, Matthew Latimore sold around 50m shares on-market at roughly AU$0.27 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$14m more than they bought in the last 12 months.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Neville Sneddon was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 11Bowen Coking Coal Limited Commences Mining At Bluff Open-Cut PCI MineBowen 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.
Recent Insider Transactions • Mar 17Non-Executive Director recently sold AU$292k worth of stockOn the 14th of March, Matthew Latimore sold around 1m shares on-market at roughly AU$0.28 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
공시 • Mar 06Bowen Coking Coal Limited's Broadmeadow East Project Receives Final ApprovalBowen Coking Coal Limited's Broadmeadow East Project in Queensland's Bowen Basin is a major step closer to first production after receiving formal approval from the Queensland State Government for an amendment to the project's existing Environmental Authority. Alongside the existing, granted Mining Lease, this is the final approval required in order to commence mining operations on site. Located around 25km north-east of the coal mining town of Moranbah, Bowen's 100%-owned Broadmeadow East Project is a near term open cut mine with access to infrastructure and a JORC Resource Estimate of 33 million tonnes. Studies have indicated a run of mine production target of 0.8 million tonnes per annum (mtpa) to 1.1mtpa over a five-to-seven-year period1. Broadmeadow East forms the first planned pit of the expanded Burton Complex which includes the Burton Coal Mine and New Lenton Project. First production will be processed under an infrastructure sharing agreement with Fitzroy (CQ) Pty Ltd, which will fast-track development and minimise the initial capital outlay. Recent capital raisings have ensured Bowen has sufficient cash resources to fund the commencement of operations3.
공시 • Feb 17Bowen Coking Coal Limited announced that it expects to receive AUD 41.470763 million in fundingBowen Coking Coal Limited announced a private placement of 207,353,813 shares at a price of AUD 0.20 per share for gross proceeds of AUD 41,470,762.6 on February 17, 2022. The company expects to close the transaction on or before February 24, 2022.
공시 • Jun 16Bowen Coking Coal Ltd. Announces Updates on Exploration Program At Hillalong SouthBowen Coking Coal Ltd. announced some significant early results of the current exploration program underway at Hillalong South. The total program comprises 8 rotary drill holes with geophysics to firm up the geological understanding of the area, and up to 3 cored holes to support coal quality analysis and a potential resource estimate in accordance with the JORC code. The shallow intersection of the target seams in drill hole HIL054 occurs approximately 550m south of drill hole HIL018C, the southernmost drill hole in the 2019 drilling campaign, which demonstrated the ability to produce a low ash, high quality coking coal with CSN's as high as 7½ from the coking coal fraction. The 2020 laboratory data for product quality and washability of Hillalong South was very encouraging as it demonstrated the potential to wash a low ash primary coking coal with a secondary PCI for a combined yield of up to 89%, or a primary coking coal with a secondary energy coal for a combined yield of up to 87% from the holes that were not affected by igneous intrusions1.
공시 • Jun 09Bowen Coking Coal Ltd Confirms the Potential for High Quality Coking Coal at its 100%-Owned Broadmeadow East Project in Queensland's Prolific Bowen BasinBowen Coking Coal Ltd. has confirmed the potential for high quality coking coal at its 100%-owned Broadmeadow East Project in Queensland's prolific Bowen Basin following the completion of its coal quality exploration drilling program. The results demonstrated the flexibility of the resource to produce a primary coking coal product of either high quality (7.5% ash, CSN 7.5) or high yield (9.2% ash, CSN 4.5). In both of the primary product cases, the secondary energy coal created from the primary coking coal discard has a calorific value of more than 6,500kcal/kg (ad) which is also a sought-after product for the export coal markets. Total laboratory yield for the combined products ranges between 77% and 86%. The latest drilling has confirmed that the Leichhardt seam extends into the area south of the existing Measured Resource area of the project1, within the granted Mining Lease, and has a current JORC Resource estimate of 33 million1 tonnes. Other than the thickening of the coal seam, quality and washability analysis from these two holes (CQBE0006 and CQBE0008) have indicated a significant improvement in coal quality (lower ash and higher yield) from the northern area and paves the way for a potential mine layout extension in this area. Bowen Coking Coal Director and coal marketing specialist Mr. Matt Latimore said the preliminary laboratory data for product quality and washability of Broadmeadow East was very encouraging in terms of both yield results and potential coal quality. The results confirmed Bowen's view that the lower two thirds section of the 3.8m thick Leichhardt seam contains better coking properties and a higher yield and therefore justifies investigation of a two-pass mining method. It was also confirmed that the lower section contains lower impurities such as phosphorus and therefore supports a higher quality coking coal. Previous coal quality analysis had been limited to an aggregated total seam analysis. Raw coal quality analysis for the Vermont Lower and Girrah seams identified some plies with lower raw ash. Further washability analysis is underway which will provide more information towards assessing the seams' potential. Technical studies related to the major Environmental Authority amendment are progressing well and approval is anticipated in the later part of this year. Discussions for access to third party infrastructure continues in order to fast-track development of the project and to minimise initial capital outlay.
공시 • May 24Bowen Coking Coal Limited Announces Commencement of Drilling At Hillalong Coking Coal ProjectBowen Coking Coal Limited planned to drill up to 11 exploration holes at its Hillalong Coking Coal Project to target the definition of a maiden resource in the southern area, potentially extend resources for Hillalong North and test for the existence of Moranbah Coal Measures in the south east of the tenement. The Phase 2a exploration program at Hillalong, which lies in close proximity to the Hail Creek mine in the northern Bowen Basin, follows the interpretation of the first 13km of the planned 37km seismic program, which have been completed in March. Sumitomo Corporation recently committed a further $2.5min Phase 2a to earn an additional 5% in the project though a preexisting FarmIn Agreement. The Japanese conglomerate earned 10% of the project last year after spending $2.5 million on Phase 1 and has the option to earn an additional 5% in the project by spending another $2.5 million on Phase 2b1,.
Recent Insider Transactions • Mar 20Director recently bought AU$107k worth of stockOn the 17th of March, Matthew Latimore bought around 2m shares on-market at roughly AU$0.055 per share. In the last 3 months, they made an even bigger purchase worth AU$270k. Insiders have collectively bought AU$1.5m more in shares than they have sold in the last 12 months.
공시 • Feb 25Bowen Coking Coal Limited Announces Board ChangesBowen Coking Coal Ltd. appointed Nick Jorss as Executive Chairman of the Company. Mr. Jorss joined the board of Bowen in December 2018 as Non-Executive Director from Stanmore Coal Limited where, as founder and Managing Director, he led their transition from a coal explorer to a profitable, mid-tier producer. The company announced that outgoing chairman and experienced miner, Neville Sneddon, will remain on the board as a Non-Executive Director. Blair Sergeant will move from an executive role to Non-Executive Director from 1 May 2021. Matt Latimore will continue to add considerable coal market and marketing expertise as a Non-Executive Director.
공시 • Feb 14Bowen Coking Coal Limited Announces New Target Areas Identified At Broadmeadow East Coking Coal ProjectBowen Coking Coal Ltd. has identified two additional targets at its 100% owned Broadmeadow East Project in Queensland's prolific Bowen Basin following the completion of its coal quality drilling program. New drilling has confirmed that the Leichhardt seam extends into the area south of the existing Measured Resource area of the project1, which sits within a granted Mining Lease and has a current JORC Resource estimate of 33 million tonnes. Two drill holes in this previously unexplored area encountered the Leichhardt seam at depths of 52m and 62m respectively and importantly, it has thickened to a 4m seam in this area. Scout drilling also intersected the previously unexplored Vermont Lower ("VL") seam in two holes from as shallow as 36.1m. The cored section of the seam in hole CBQ0012 was 2.4m thick, which includes a 0.5m thick tuff parting. Core from this hole was obtained late in the program and therefore results will lag those of the Leichhardt seam cores. The full Girrah seam was also cored and will undergo the same tests as the Vermont Lower seam. The results of the exploration program will now be incorporated into the geological model to support further mine planning, which could now include an extension to the proposed mine layout previously bound by the Measured Resource area north of the power line. On completion, washability and product coal quality analysis will be used to support a Decision to Mine, planned for the second half of the year. Meanwhile, discussions for access to third party infrastructure is underway to fasttrack development of the project and to minimise initial capital requirements. Seam intersections were consistent with expectations based on historic exploration data of most holes. Results from hole CQBE003 indicate part of the lower working section have been affected by an intrusion. Although raw coal quality data compares favourably with historic data, the ply analysis indicates a distinct quality difference between the upper and lower working section of the Leichhardt seam and therefore the full spectrum of fast float, washability and clean coal analysis will be undertaken on both working sections. Furthermore, raw coal quality analysis for the Vermont Lower and Girrah seams are underway, which could provide valuable information towards assessing the seams' potential.
공시 • Feb 02Bowen Coking Coal Ltd Announces the Appointment of Mr. Daryl Edwards as Chief Financial OfficerBowen Coking Coal Ltd. announced the appointment of Mr. Daryl Edwards as Chief Financial Officer for the Company. Mr. Edwards is a Chartered Accountant with over 22 years' experience in the mining and manufacturing industries. He has held various executive positions including CEO of a private Australian coal explorer Pioneer Coal and CFO and Head of Corporate Development for Universal Coal plc for over 7 years, where he managed the commercialisation of the 4Mpta Kangala Colliery and the 3.3Mtpa New Clydesdale Colliery. Previously, Mr. Edwards was CFO at Asenjo Energy.
공시 • Nov 25Bowen Coking Coal Limited announced that it has received AUD 3 million in fundingOn November 24, 2020, Bowen Coking Coal Limited (ASX:BCB) closed the transaction.
공시 • Oct 03Bowen Coking Coal Ltd Lodges Site-specific Environmental Authority Application with the Queensland Government Department of Environment and Science for the Company's 100% Owned Isaac River Coking Coal ProjectBowen Coking Coal Ltd. announced that it has lodged a sitespecific Environmental Authority ("EA") application with the Queensland Government Department of Environment and Science for the Company's 100% owned Isaac River Coking Coal Project ("Project"), located along strike of BHP Mitsubishi Alliance's ("BMA") Daunia Mine in the Bowen Basin, Central Queensland. Mining Lease Applications ("MLA") 700062 & 700063 were lodged earlier this year covering most of MDL 444, access to the project as well as a small section of EPC 830. Further to the lodging of the MLA, the lodgement of the EA application for Isaac River represents a significant milestone in the critical path to converting the project into a producing asset. The requirement for new EA applicants to develop and submit a progressive rehabilitation and closure plan ("PRCP") became effective on 1 November 2019. Given this is a relatively new legislative framework with little precedence, considerable effort has been given to ensuring the project meets the Queensland Government Mined Land Rehabilitation Policy. Mine planning and design studies were undertaken to ensure that BCB could comply with the policy whilst maintaining the economic integrity of the project. The Initial Development Plan submitted with the MLA proposes a contractor operated open cut operation along with highwall mining, utilizing off site infrastructure and toll washing of mined coal at a nearby facility. The Project hosts a 8.7Mt Resource in accordance with the JORC code (2012) of which 5.7Mt are classified as Measured Resources and 2.6Mt are classified as Indicated Resources. Washability tests have confirmed the potential to produce a high quality coking coal and secondary PCI coal from the Leichhardt and Vermont seams in the Rangals Coal Meassures, similar to regional operating mines.
공시 • Oct 01+ 1 more updateBowen Coking Coal Limited (ASX:BCB) completed the acquisition of Broadmeadow East Coking Coal Project from Peabody (burton Coal) Pty Ltd.Bowen Coking Coal Limited (ASX:BCB) agreed to acquire Broadmeadow East Coking Coal Project from Peabody (Burton Coal) Pty Ltd. for AUD 1.5 million on June 24, 2020. Total consideration payable is cash consideration of AUD 1 million payable upon Completion, royalty of AUD 1/t on all coal produced and sold from ML 70257, to a maximum of 1.5Mt, being AUD 1.5 million, assumption of environmental rehabilitation obligations and AUD 0.5 million cash consideration for land compensation, payable only upon site works commencing or the renewal of the ML, whichever occurs first. The transaction will be financed through capital raising. Firm commitments have been received for 45 million ordinary fully paid shares at an issue price of $0.05 per share, to raise a total of AUD 2.25 million before costs. The transaction is subject to indicative approval to transfer from the Minister of Mines, any conditions attached subject to Bowen Coking Coal’s approval, acting reasonably, entering into the deeds of covenant relating to CHPP, Haul Road and TLO tolling/access with the consent of New Lenton Joint Venture and the de-amalgamation of ML 70257 from the Burton Mine Environmental Authority. The transaction is expected to complete between 3 to 6 months. Bowen Coking Coal Limited (ASX:BCB) completed the acquisition of Broadmeadow East Coking Coal Project from Peabody (Burton Coal) Pty Ltd. on September 30, 2020. All conditions precedent to the transaction have been satisfied.
공시 • Sep 30Bowen Coking Coal Limited Announces Resignation of Steven Formica and James Agenbag from the Position of Non-Executive Directors, Effective from October 31, 2020Bowen Coking Coal Ltd. announced that non-executive directors Mr. Steven Formica and Mr. James Agenbag have tendered their director resignations with effect from 31 October 2020.
Reported Earnings • Sep 25Full year earnings released - AU$0.0026 loss per shareOver the last 12 months the company has reported total losses of AU$2.06m, with losses widening by 30% from the prior year.