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.
SMR Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)