Coking Coal is now selling for $104/ton v $280 just over 2 yrs ago. WES have their huge open cut mine east of Emerald and 40% share in another. Mine has gone from incredibly profitable to break even yet the goodwill on WES books remains over 3 BILLION. Watch for a big writedown in coming months. My estimate: 1.5Billion.
Coles is firing as is Kmart. But SP likely to remain under some pressure imo. Don't have a position but watching closely.
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$76.16 |
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Price($) | Vol. | No. |
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1 | 80 | 75.410 |
1 | 50 | 75.000 |
1 | 7 | 74.980 |
1 | 133 | 74.950 |
Price($) | Vol. | No. |
---|---|---|
76.170 | 35 | 1 |
76.180 | 330 | 1 |
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76.200 | 10 | 1 |
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