Profit taking before the coal price retreats back to $90 ton.
Coal will likely fall back to $60 ton
The same thing happened before
2018 coal $100
2019 coal $63
A market shock with high commodity prices results in the price falling off a cliff. This is true with all commodities.
If the debt is not paid before the correction the company could lose everything.
I hold this company as a gamble as I do with many small caps.
directors cash out
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $168.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $328.4K | 1.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 1226957 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 33834 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
21.0¢ |
Change
-0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 22.0¢ | 21.0¢ | 703275 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| TER (ASX) Chart |