Interesting discussion last night at a big technical meeting for coal.
Senior Business Development officer for Glencore coal and I.
My view was that China is buying our (coking) coal so as to preserve their massive reserves for the days when the rest of the World is sucked dry.
His view was that they desperately need our coal now as future reserves are 1 kilometre deep. They are buying our coal relatively cheaper than they can mine current reserves.
He has studied their reserves and found that most of it is poor quality thermal coal and poor quality coking coal.
This puts a real floor under especially coking coal price. The quality of their reserves ore not going to magically improve and the deeper poor quality coal is going to push up mining costs.
- Forums
- ASX - By Stock
- CKA
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-496
-
-
- There are more pages in this discussion • 95 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CKA (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.0¢ |
Change
0.008(11.1%) |
Mkt cap ! $86.31M |
Open | High | Low | Value | Volume |
7.6¢ | 8.0¢ | 7.3¢ | $50.09K | 663.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 524270 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 75022 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 524270 | 0.075 |
1 | 3587 | 0.073 |
1 | 250000 | 0.071 |
1 | 50000 | 0.070 |
1 | 25000 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 75022 | 1 |
0.083 | 100000 | 1 |
0.084 | 55000 | 1 |
0.085 | 2083 | 1 |
0.087 | 14207 | 1 |
Last trade - 13.57pm 13/09/2024 (20 minute delay) ? |
Featured News
CKA (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online