This is a sensible move, low capital commitment for an adjacent asset. It's good long term thinking. Coking coal assets are being snapped up by Asian buyers at every opportunity (S32/GEAR, S32/SMR, WHC selldown) because they understand the fundamentals on a 10-20 year view. These assets are dirt cheap, replacement cost is significantly more if you could even get new mines approved, and the demand profile looks great
Ann: Acquisition of Remaining 50% Interest in Eagle Downs, page-3
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Last
$1.94 |
Change
0.015(0.78%) |
Mkt cap ! $1.730B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.94 | $1.92 | $274.6K | 142.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 13718 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 2583 | 1 |
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| Last trade - 10.44am 17/06/2025 (20 minute delay) ? |
| SMR (ASX) Chart |