Ann: December 2023 Quarterly Activities Report, page-38

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yanzifeisheng

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26/03/24

21:05

Post #: 73071686
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Originally posted by Ronzo1010: ↑

I had my finger on the buy button the minute the price struck 3.09, but the depth of the candle had me hold off to see if the strike is a 2.97 support, as you mentioned.

Shorter term coal futures showed a slight flattening but still trending down, however unit costs per tonne must be getting close in this economic carousel, and buyers may simply have to pay the elevated prices, or there could be no supply forthcoming.

Can't remember now, but was 2.80 the .618?
If so, you would expect some strong interest around that price point, AND if it reached this level after the US data on good Friday, plus the quarterly rebalancing, it would appear that this is almost a goldilocks confluence around that level...

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$3.10 is the .618

Still unconvinced that the global marginal cost is anything like prices during the post CoVID period... they may very well might be, but PCI was below $US100 per tonne in 2019, compared to the post CoVID trough to-date of $165

SMR Price at posting: $3.09 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.88		Change -0.033(1.70%)		Mkt cap ! $1.694B

Open	High	Low	Value	Volume
$1.91	$1.94	$1.87	$531.8K	280.6K

Buyers (Bids)

No.	Vol.	Price($)
24	6795	$1.88

Sellers (Offers)

Price($)	Vol.	No.
$1.88	24048	16

View Market Depth

No.	Vol.	Price($)
22	8661	1.870
11	17953	1.865
11	21272	1.860
8	42683	1.855
6	10484	1.850

Price($)	Vol.	No.
1.875	2238	8
1.880	29483	14
1.885	20690	16
1.890	6904	11
1.895	8617	10

Last trade - 11.05am 30/06/2025 (20 minute delay)

SMR (ASX) Chart

Ann: December 2023 Quarterly Activities Report, page-38

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Ann: December 2023 Quarterly Activities Report, page-38

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