I'd suggest that COE's direct exposure to spot until we reach nameplate capacity will be limited. DM is conservative and will have hedging in place to provide certainty with cashflow. He's smart, keeping lenders on side is critical.
Indirectly through future GSAs we have a stronger interest as spot shapes customer perception. Watching Longford's output is another clue, the profile of the long-term field decline will drive GSA prices.
just mho.
jk
AEMO reading, page-360
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20.5¢ |
Change
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Mkt cap ! $541.2M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.5¢ | $64.82K | 313.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 337756 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 402349 | 8 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| COE (ASX) Chart |