expect a similar profit for June Qtr and Sept Qtr ( as both locked in with forward contracts) .........expect a similar dividend for the June Qtr results.
If current pricing sticks until October ....then expect significant US 12 months contract lock in early October 2022 , which would be higher than current $180,
So 4 months --- of current Coal price even a 20 % decline , should results in share price strengthening towards $3 plus.
Now the two issue for coal/oil/gas companies.
1) Commodity prices deflate significantly in the next 4 months , doubt this if Ukraine war continues
2) Australian government announces special tax on Coal/Oil/Gas super profits due to current high commodity prices . ( similar to latest UK announcement of 25%). Definitely the Greens and Independants will be pushing for this , in line with their climate change policy focus. I think this is not a matter of IF , but When.
expect a similar profit for June Qtr and Sept Qtr ( as both...
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Last
$1.20 |
Change
0.015(1.27%) |
Mkt cap ! $2.011B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.18 | $2.620M | 2.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 129838 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 122848 | 9 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.20 |
Change
0.015 ( 1.07 %) |
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| Open | High | Low | Volume | ||
| $1.19 | $1.21 | $1.18 | 921304 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CRN (ASX) Chart |