Hi Barry,
When you take the accepted metrics from the CRN presentation; page 18
Simple method; US$67.5M change to EBITDA for each $10 increase on their previous average price of coal (last year coal price average was $138). Assume $300, and that equates to $486M (this year) + $1.093B = $1.6B or AU$2.2B
I also did it another method, when considering coal price and our coal production/management costs. I then received similar your calcs. Either way, we are in the same ballpark.
Forecast; I can see how you get north of $10 in this climate.
I would still like to see a bit of a buyback, to reward the loyal with larger distribution next time round. Ie they will have upwards of US$1B in the kitty within the next 3 months.
Lovely chart, page-10
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Last
$1.10 |
Change
-0.050(4.37%) |
Mkt cap ! $1.835B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.12 | $1.09 | $2.583M | 2.350M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 62851 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 4275 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CRN (ASX) Chart |