I don't think we'll see 30c by next week, but i hope i'm wrong. This transaction does however highlight how cheap this stock is at the moment. The market just won't value commodity stocks properly, but i see a very strong asymmetric payoff here. Downside is limited (unless commodity price absolutely tanks) but upside is 50-100%. Exxaro clearly likes this asset and i imagine they'll consolidate it sooner rather than later. The CEO's comments on the call yesterday were a bit cryptic, but i understood them to mean that they think a takeout is inevitable.
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.8¢ | 20.0¢ | $1.343M | 6.569M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 79044 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 425316 | 26 |
View Market Depth
| Last trade - 13.47pm 16/06/2025 (20 minute delay) ? |
| JMS (ASX) Chart |