You may not like my answer, but here it is: you’ve invested in a (usually) unpopular investment sector (coal), where the stocks earn kudos for their cashflow generation, and little else besides.
Of that sector, you’ve then chosen a company in growth/ramp-up phase, which is a very risky part of a company’s profile. We have all of the costs, and have to wait for the cash to flow through yet.
They’ve just raised more capital, are operating two very fresh mines, and are planning to bring on two more in the immediate future, during a time of inclement/wild weather and the highest inflation rates the Western world has seen in 40 years, whilst the dark clouds of global recession continue to rumble around the sidelines.
Given all of these facts (not opinions) I’ve noted above, the constant daily price-watching on this stock suggests that quick gains for some might be better made elsewhere.
This is a company/sector/thematic for the patient, not the impatient.
Cheers
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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49 | 74455736 | 0.7¢ |
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Price($) | Vol. | No. |
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48 | 30765687 | 0.006 |
36 | 20343449 | 0.005 |
22 | 14997587 | 0.004 |
15 | 13326000 | 0.003 |
Price($) | Vol. | No. |
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0.008 | 15260202 | 17 |
0.009 | 20932589 | 21 |
0.010 | 5694386 | 7 |
0.011 | 2485426 | 5 |
0.012 | 2230343 | 4 |
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