TER 2.56% 19.0¢ terracom limited

Ann: Quarterly Report - January to March 2022, page-64

  1. 670 Posts.
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    I am no expert on the price that TER use for the sales, to be honest i am little confused. As long as they are getting good a good price i guess!

    I recall the announcement related to the US$60 million prepayment that the coals to be applied to the prepayment will be indexed to the API4.

    I also recall somebody saying ages ago on these forums (it is hearsay and my dodgy memory) that TER use the Newcastle Index, but need to apply a discount to the current price due to the quality from Blair Athol is only 5500 vs 6000.

    The most recent announcement from today, they have a footnote stating that TER use either Newcastle Index or API4.

    https://hotcopper.com.au/data/attachments/4347/4347742-122977df0469804c9144fcc063ea6c95.jpg
 
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