I sold out a while back and am watching out of interest now. I don’t mean to offend any holders but I don’t see how anyone can justify holding this company anymore.
They've consistently missed production targets and cash costs per tonne targets. I think we’re in a far better than average coal market and they seem to be just breaking even. Maybe the underground will be a saviour but past experience says probably not.
Correct me if I’m wrong but I believe I read that the Stanwell rebate/loyalty (separate to the state gov rebate. Rebate for mining Stanwells lease) is based on a lagging 12 month coal price. I can’t help but think (haven’t crunched numbers on this) even a modest drop in coal price could see them burn through their cash reserves in 6-12 months. Then they’re coming back to the market, cap in hand, issuing more shares at steep discount.
I sold out a while back and am watching out of interest now. I...
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Last
$1.12 |
Change
0.040(3.72%) |
Mkt cap ! $1.869B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.12 | $1.09 | $5.005M | 4.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49778 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 162248 | 5 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.11 |
Change
0.040 ( 2.51 %) |
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| Open | High | Low | Volume | ||
| $1.09 | $1.11 | $1.09 | 612536 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| CRN (ASX) Chart |