"SMR SP has had an exceptional run"? What you say is true, but other ways of looking at things can help to see them in a different light. Back on Oct 4, when the SP was 0.38, I said "If the two halves of FY18 match 2HFY17, then by my calcs we are looking at a P/E of 3.6.". With today's price of 0.70, the prospective P/E is still only 6.6. The reality isn't that we have had a recent exceptional run up, it is that before that we had an exceptional run down. That run down was caused by relentless anti-coal PR by climate-obsessed greenies - the "war on coal". Their scare tactics were successful for a while, but now Joe Public basically doesn't give a toss. And if the doom-mongers' predictions continue to fail - as they all have - then JP's interest will be very difficult to rouse again.
So SMR SP is simply recovering to its rightful place, and IMHO it still has a lot further to go in order to get there.
SMR Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
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