Very pleased about restart of third long wall operation at Illawarra met coal in 2Q20. Not so long ago it was down to one. S32 will never dig up all the coal it has at Illawarra.
The Eagle Downs met coal project still appears to be an option rather than progressing to production. I have previously characterised this as a Bowen Basin trading card. Action or inaction in the Bowen kinda depends on the moves of others.
We don't know the scale and duration of the Coronavirus pandemic. S32 is still modestly net cash and well placed to pick up quality assets should someone stumble.
Commodity prices will continue to weaken on low global economic activity. How much? Who knows!
At Arctic, a point of interest is whether CV interrupts summer exploration - a mere 10 weeks without snow.
Very pleased about restart of third long wall operation at...
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$3.68 |
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Mkt cap ! $16.66B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.70 | $3.63 | $46.35M | 12.65M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16139 | $3.67 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.69 | 45098 | 7 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| S32 (ASX) Chart |