Australia's largest stock trading and investment forum Australia's #1 stock forum

CRN

Click for more information

4.31%

$1.11 coronado global resources inc.

We'll need a coronadoial inquest shortly! Oh well... 'til death...

First 51 Last

Share
Profile

Follow
duncrazor

372 Posts.

37

28/04/21

15:52

Post #: 52786638
Share

Originally posted by jdc001: ↑

I made the mistake (after following advice of my useless broker) to buy this POS at the IPO for $4/Sh. I believe that the intent of the parent company is to watch the share price fall to such an extent that they can walk in, privatise and walkaway with the company for basically not very much. Remember that the IPO pretty much paid for what they paid to the original owners to buy the company in the first place.
I believe we as shareholders are screwed and that the price at IPO was derived by guesswork more than solid analysis. The price for Coking Coal hasn't changed that much since the IPO and in at least on of the conference calls I sat in on, the CEO said that the company was not focused on sales to China so any drop off in buying from there would not materially affect the companies position.
Maybe a calls action is now needed against the incompetents that produced the pricing for the IPO.
Anyone have thoughts on this?

Expand

We'll need a coronadoial inquest shortly! Oh well... 'til death do us part.

CRN Price at posting: 59.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

TMK

TMK Energy kicks off drilling for new pilot wells in Mongolia's vastly underexplored Gobi

DRO

Droneshield shares move up on $13.5M US govt contract

WAF

West African Res jumps on claim mine safe under Burkina Faso's junta; HotCopper ponders Russia

OCC

Orthocell wins first international approval for nerve repair product

There are more pages in this discussion • 2 more messages in this thread...

First 51 Last

Add CRN (ASX) to my watchlist

(20min delay)
Last $1.11		Change -0.050(4.31%)		Mkt cap ! $1.860B

Open	High	Low	Value	Volume
$1.15	$1.16	$1.10	$2.515M	2.244M

Buyers (Bids)

No.	Vol.	Price($)
3	8289	$1.10

Sellers (Offers)

Price($)	Vol.	No.
$1.11	2011	1

View Market Depth

No.	Vol.	Price($)
2	4889	1.100
1	15000	1.095
7	72246	1.090
2	16284	1.085
5	59947	1.080

Price($)	Vol.	No.
1.110	2011	1
1.115	20100	1
1.120	8365	2
1.125	3947	1
1.130	3947	1

Last trade - 16.10pm 08/10/2024 (20 minute delay)

CRN (ASX) Chart