i am out of this rollecoaster.. lost a lot of money...
There is honestly nothing in the recent announcements what resolved the issues, just hang on with debts, no proper outlook for the future... I was surprised in recent surge tbh...
The met coal price down to $180 - this is the main indicator. Broker downgrades never put re-finanaing in doubt, rather the ability to earn money... only their CEO and board are winning, they will now have enough money for remuneration and possibly bonuses over next year or two
i believe it is going to drop another 50% from today.. so see you back at 7-8c level, will re-enter then
I arrived at the conclusion that this is perfect takeover target, with the most realistic scenario - dropped value to A$100mln, then TO offer double that initially and then deal done at $300
CRN Price at posting:
16.0¢ Sentiment: Sell Disclosure: Not Held
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