Most coal miners have seen share prices fall 60% to 97% as news out of China points to their running down stocks, refusing orders and renegotiating at lower prices.
Basically, they don't need Draig's coal that lies in the ground out there in Indonesia and Mongolia.
As soon as the worm turns in markets and lower commodity prices work their way through, demand will pick up again.
So keep patient and wait for a recovery some time in 2014, hopefully.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $1.336B | |||
| Open | High | Low | Value | Volume |
| 90.5¢ | 92.5¢ | 89.5¢ | $6.185M | 6.807M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 206100 | 90.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 15339 | 2 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| BGL (ASX) Chart |