Difficult to say - We are not anglo american or South 32 that we need to worry about large investment houses money. There is plenty of money going around for our purposes. We should buy another one of those $1 mines. $100mil Ebitda is chump change for Anglo or South 32 - not for us.
A better indicator of how coal is going to behave is keeping an eye on the Natural Gas prices - once it starts getting expensive - the economics of coal will make it attractive again. We should see some modest price recovery in coal to keep the close mines closed and have enough of a supply constraints to remain competitve with Natural gas.
The recent China Aus trade summit might help as well if China allows Aussie coal to be imported again.
- Forums
- ASX - By Stock
- Ann: September 2019 Quarterly Report
Difficult to say - We are not anglo american or South 32 that we...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TER (ASX) to my watchlist
(20min delay)
|
|||||
Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $148.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 154 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 385889 | 0.190 |
28 | 3752043 | 0.185 |
44 | 1435789 | 0.180 |
18 | 514999 | 0.175 |
23 | 398880 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 216337 | 9 |
0.200 | 408292 | 12 |
0.205 | 226446 | 7 |
0.210 | 197315 | 7 |
0.215 | 162000 | 2 |
Last trade - 09.41am 26/08/2024 (20 minute delay) ? |
Featured News
TER (ASX) Chart |
Day chart unavailable
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online