I follow this one with interest , I lost money a few years ago when BRL was looking good but it didn't get off the ground ,25c at the time , I regained some when buying at 1.5c and 2.4c and selling at 6.5c so where will this all end . The last time I looked coking coal was around $150 US and I remember the production cost was around $100 US so that's ok . I do question those who predict 40/50c when comparing coal miners valuations back then with those of todays , original BRL's value without solid energy is almost nil but combined its ok so what's it worth . From memory statements made by solid energy directors at the time of the collapse were , investments spread to far and wide and the quality coal was getting harder to mine ,in to deep and the costs were excessive (coal sank to $80) . I think I am correct in saying BRL could finish up with around 2 billion shares on offer so doing comparisons , WHC was around $13 ??at the peak , today around $3/3.2 , and check SMR today 38C another revived miner who was sold for $1 (with commitments) and is now in full production and doing well .
When looking around other company's , shares on offer and the coal price , 10/15c is my pick , let's see what happens , be warned , I've been very wrong in the past and am not trying to upset anything or anyone , good luck with your investment decisions , I would love to see this do well .
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Last
78.0¢ |
Change
0.025(3.31%) |
Mkt cap ! $149.2M |
Open | High | Low | Value | Volume |
75.0¢ | 78.0¢ | 74.5¢ | $14.06K | 18.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4234 | 75.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.0¢ | 9139 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1215 | 0.630 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.780 | 9139 | 1 |
0.785 | 3532 | 1 |
0.790 | 10000 | 1 |
0.800 | 42871 | 2 |
0.815 | 6538 | 1 |
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