Even though prices for Aust coking coal are currently under $US100/t less the normal discount, the prices that we'd be getting for our US coking coal are currently around $US160/t less the usual discount so at least the US operations would be nicely profitable and keeping us afloat - this is probably the reason why the new substantial shareholder is buying and maybe they're hoping that the Aust quotas get reset at the end of the year.
I've attached my Q4 predictions to reflect my thoughts on pricing for Q4.
CRN chart, page-61
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Last
$1.39 |
Change
0.010(0.73%) |
Mkt cap ! $2.321B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.39 | $1.37 | $927.5K | 672.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 9437 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 48038 | 57 |
View Market Depth
| Last trade - 13.17pm 18/07/2024 (20 minute delay) ? |
| CRN (ASX) Chart |