Spot prices don't mean anything even during an acute shortage, anyone buying COE based on spot prices is over-valuing this stock, it's the long term GSA agreements that start rolling over from 2027 and beyond that will drive this share price higher, even if Orbost gets cranking the excess capacity that can be sold at spot price won't generate as much revenue compared to re-contracting at higher GSA prices.
Orbost to nameplate + re-contracting higher value GSA + OP3D output = capital gains.
Next 3 years is crucial for COE.
Ann: Ms Jane Norman commences as CEO and Managing Director, page-8
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.3¢ | 21.5¢ | $525.3K | 2.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 396677 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 213850 | 5 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |