Spot prices don't mean anything even during an acute shortage, anyone buying COE based on spot prices is over-valuing this stock, it's the long term GSA agreements that start rolling over from 2027 and beyond that will drive this share price higher, even if Orbost gets cranking the excess capacity that can be sold at spot price won't generate as much revenue compared to re-contracting at higher GSA prices.
Orbost to nameplate + re-contracting higher value GSA + OP3D output = capital gains.
Next 3 years is crucial for COE.
Spot prices don't mean anything even during an acute shortage,...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $746.3K | 3.382M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 395153 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 120000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |