Bathurst Resources Ltd (AU:BRL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Bathurst Resources Ltd (BRL) clarifies in a compliance query that the ‘consolidated cash’ figure in its 2024 First Half Results Presentation includes cash from both BRL and its 65% owned subsidiary, BT Mining Limited (BTM), despite not having immediate access to BTM’s cash without unanimous shareholder approval. The company believes this representation provides a more comprehensive view of its operations and assets, despite BTM’s accounts not being consolidated with BRL’s under IFRS accounting standards. BRL asserts that this approach offers a deeper insight into the financial situation of both entities combined.
For further insights into AU:BRL stock, check out TipRanks’ Stock Analysis page.