yes well analysed and said JS
you are spot on in your comments
all is good
movements of +_1-5% in hard coking coal futures is to be expected when it overshoots averages
the reality is that we are in a secular long term phase of higher coal prices into the northern winter
moderation of coal prices will likely occur from March next year but anything above Aud $275pt is gold as we head into production
every 1mtpa of coal sale equates to $Aud 275m
2mtpa is $aud 550m pa
then add tbar
we know our cost of extraction per ton is low and can withstand lower hcc prices
its really all about getting the mines into production phases safely and working efficiently
the prices will sort themselves out
the low phosphorous high quality hcc is a bonus for cokal
onwards and upwards
yes well analysed and said JSyou are spot on in your comments...
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Mkt cap ! $104.6M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 9.7¢ | 9.5¢ | $36.66K | 378.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 6518 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 9.7¢ | 120978 | 3 |
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| Last trade - 14.32pm 06/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 9.6¢ | 9.7¢ | 9.5¢ | 134585 | ||
| Last updated 14.32pm 06/06/2024 ? | |||||
| CKA (ASX) Chart |