IMO, the reason for SMR's lack of buyers is:
-management has been slack with operations' updates (emerging miners live of their anns)
-Investor public dont realise that SMR is on forward contracts and that a fair share of Mar
Qtr revenue will be @ Dec Qtr pricing which is higher than current spot.
-the company has not given enough forward guidance re mix of thermal/coking coal.
I note that the SP peaked on the 17-10-16 when coking coal peaked in spot price
IMO, the Mar Quarter financial results should lift the price back over 50c due to the higher contract price
& no weather stoppages.
Perhaps others could comment?
mm
Please note: this is not investment advice and please DYOR.
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Last
$3.18 |
Change
0.000(0.00%) |
Mkt cap ! $2.866B |
Open | High | Low | Value | Volume |
$3.15 | $3.20 | $3.12 | $3.700M | 1.167M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4126 | $3.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.21 | 10510 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4126 | 3.180 |
4 | 17825 | 3.160 |
2 | 11716 | 3.150 |
3 | 3156 | 3.140 |
1 | 2156 | 3.130 |
Price($) | Vol. | No. |
---|---|---|
3.210 | 10510 | 3 |
3.220 | 11575 | 2 |
3.230 | 2015 | 1 |
3.240 | 3615 | 3 |
3.250 | 6715 | 2 |
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