TerraCom Ltd is an ASX-listed resource developer and export thermal coal producer at the Queensland industry icon mine, Blair Athol. In June 2020, TER completed the 100% acquisition of ASX-listed and South African thermal coal producer, Universal Coal (UNV).
TER’s increased earnings resilience enables stronger debt servicing and an ability to re-finance debt to longer duration and at a lower cost. Along with free cash generation, the balance sheet can then support growth initiatives.
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TER has counter-cyclically placed itself in a position to improve efficiency and margins plus pursue organic mine growth. Cashflows will further swell once currently depressed coal prices rebound. These assets appear undervalued compared to our Base Case $0.27/share NPV valuation of TER. TER has upside on management’s record of delivering new projects from currently controlled development assets and/or by opportunistically securing acquisitions.
The surging price of thermal coal across Asia saw TerraCom slip out a bullish update yesterday on its price expectations for its Blair Athol (BA) mine in Queensland which for years was owned by Rio Tinto. Due to a combination of factors thermal coal prices in Asia...
After a difficult period late in 2020 that resulted in a worse-than-expected half-year loss, junior thermal coal producer TerraCom has returned to profitability at the EBITDA (earnings before interest, tax, depreciation and amortisation) level so far in 2021, and...
Presenter – Craig Ransley - Deputy Chairman - TerraCom is an emerging company originating as a resource explorer with a large portfolio of operating assets in Australia and South Africa. The company is currently enacting a growth strategy towards delivering...