In today’s briefing:
- Golden Energy & Resources: Widjaja Family Betting Ridiculous Cashflow Continues
Golden Energy & Resources: Widjaja Family Betting Ridiculous Cashflow Continues
- Golden Energy & Resources (GER SP), an Indonesian/Australian energy/met coal play, may be subject to an acquisition from its controlling shoulder, the Widjaja Family.
- GEAR reported 1H22 (to June) earnings of US$279mn, an 859% gain yoy, as contributions from the newly acquired stake in an Australian coal mine from BHP (BHP AU) kicked in.
- The family is potentially betting on one to two more years of outsized cashflow as the world’s coal habit remains healthy.
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