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

ATU atrum coal limited

0.00%

0.5¢

Agreed, even noting the trading over the past week, it's been...

First 31 Last

Share
Profile

Follow
Virux

929 Posts.

166

15/07/21

14:28

Post #: 54526768
Share

Originally posted by edgemac: ↑

Have a look at the Coking Coal Price for starters.
I also doubt there will be a speeding ticket given the current undervaluation of the basic resource and the recent SP variability. Admittedly there is still great uncertainty about the State Coal Policy and the progress of discussions/negotiations. However in my opinion this is still very much worth a punt. (and I do mean a punt until the policy clarity at the end of the year - hopefully). In the meantime I think that they have cut most expenditure so a CR is less likely and probably not wise at this price.
If the Policy get sorted and there is a new mine plan required there will be a CR for sure but if that happens the price should show some reasonable improvement.

Expand

Agreed, even noting the trading over the past week, it's been pretty consistent accumulation without much retrace. Look like position building to me.

Chart wise 6c is pretty solid so a break through that doesn't leave much in the way of resistance, 6.9, 7.4 and then a gap to 22c.

A punt indeed!

ATU Price at posting: 5.7¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

PIQ

Proteomics notches up as company launches PromarkerD into the US

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

First 31 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Agreed, even noting the trading over the past week, it's been...

Top Stories

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Proteomics notches up as company launches PromarkerD into the US

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Featured News