Definitely possible to get net debt to below $90mil by 31Dec but share price getting to $1.50 might be a stretch as this coal price probably doesn't have the legs for long enough to get the share price there.
I read a GS report through CommSec recently that said that most of CRN's Australian term contracts (for long term customers that are the bulk of sales) are M-3 which means if we ship to them in July it is at the April price(US$113 average).
Definitely possible to get net debt to below $90mil by 31Dec but...
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Last
$1.19 |
Change
0.010(0.85%) |
Mkt cap ! $1.986B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.18 | $3.376M | 2.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 199815 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 10468 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CRN (ASX) Chart |