The short answer is that it's coal and it's in remote Indonesia.
Neither are investor magnets but over time when the logistics become more stable and reliable, the high quality coal will still be in demand (because Australia will fix the worlds problems by not exporting it anymore - joke), and investors will want a piece of the dividends accruing.
I'm thinking the SP will bump around the 10c to 12c for another 4 to 6 months at least and then the news will be more regular and informative and the completed infrastructure will add efficiencies.
Mr Latimore would prefer to see it above 15c I'm sure.
When a dividend is within sight, the excitement will begin.
Most of us are long term holders. And patient.
Have you updated your model to fix the rather wild swings on small changes? I could probably help you with that.
Cheers
The short answer is that it's coal and it's in remote...
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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 ? | |||||
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