Assuming the met price settles in around $ 300 plus long term ( which is more likely than less likely in my view, given the chronic under investment in met coal globally over the last decade) , this definitely has $ 8 per share written all over it. Some other M&A opportunities also could provide even more upside. Even with recent favorable price action it is still trading sub 2 P/E ratio. Has a bit of a feel to it that whitehaven did last year.
Ann: December 2022 Quarterly Report, page-36
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Last
$2.89 |
Change
-0.080(2.69%) |
Mkt cap ! $2.605B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.89 | $2.567M | 881.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 2474 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| SMR (ASX) Chart |