Intervention into free markets can have all sorts of unexpected consequences.
Take a quick look at the price chart for coking coal, it's up over 100% in the last 12 months.
Yesterday it spiked by 15% to US$234 per tonne, The price of metallurgical coal is up 3 fold in 12 months.
Could someone please plug US$200 /barrel oil into the financials for Buffalo and Dorado? ( assuming successful drill results over the nest 6 months ) Be prepared to be blown away.
Intervention into free markets can have all sorts of unexpected...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $330.6M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $683.0K | 3.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1534815 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 338152 | 6 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
18.8¢ |
Change
-0.005 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| 18.8¢ | 19.0¢ | 18.5¢ | 2404632 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CVN (ASX) Chart |