Assuming the met price settles in around $ 300 plus long term ( which is more likely than less likely in my view, given the chronic under investment in met coal globally over the last decade) , this definitely has $ 8 per share written all over it. Some other M&A opportunities also could provide even more upside. Even with recent favorable price action it is still trading sub 2 P/E ratio. Has a bit of a feel to it that whitehaven did last year.
Ann: December 2022 Quarterly Report, page-36
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Last
$3.94 |
Change
0.020(0.51%) |
Mkt cap ! $3.551B | |||
| Open | High | Low | Value | Volume |
| $3.96 | $3.99 | $3.89 | $3.726M | 946.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4568 | $3.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 15274 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| SMR (ASX) Chart |