I'm not so sure it is to do with this. Look at all the companies added and removed. I checked a few and it didn't match what is happening here. I think there is a loss of confidence and no $20m debt facility like before so there are people de-risking. There must be a fair few people getting close to being in loss territory as well. For supply to dry up the following needs to occur:
- Barges pick up 8000 tonnes sold
- Barges pick up 23000 tonnes sold
- March sale 8000 tonnes or even better more
Not that far from the end of March so lets see...I have a feeling Eddie and ICT will keep paying for coal until this is stabilized
I'm not so sure it is to do with this. Look at all the companies...
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $118.6M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 11.0¢ | 9.9¢ | $24.65K | 235.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 210 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 424999 | 6 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.010 ( 5.00 %) |
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| Open | High | Low | Volume | ||
| 9.9¢ | 10.5¢ | 9.9¢ | 78317 | ||
| Last updated 15.49pm 03/05/2024 ? | |||||
| CKA (ASX) Chart |