I was told over 20 years ago "everything gets sold off in a correction but not everything comes back".
I have found this to be true.
With gold and coal prices rising significantly this could be short term), a lack of drill rigs and MSV forecast to be debt free by the end of 2023 to me the stock has never looked better value.
(***** News) Gold was fairly steady and trading above $1,940 an ounce after the U.S. employment data from February surprised on the upside
Coal is back
Predictions of the ‘death of coal’ look to have been greatly exaggerated. Newcastle coal futures jumped 40% on Wednesday as buyers scrambled for alternatives to Russian coal. Russia is the third-largest producer globally. Despite easing on Thursday, prices have more than doubled this year. Local producer Whitehaven Coal is reaping the benefits, with the share price up 41% year to date.
Ann: FY22 Half Year Results Presentation, page-15
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Last
44.5¢ |
Change
0.005(1.14%) |
Mkt cap ! $94.98M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 44.0¢ | $88.05K | 196.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 25000 | 1 |
View Market Depth
| Last trade - 14.57pm 28/06/2024 (20 minute delay) ? |
| MSV (ASX) Chart |