Great report, strong sales and production, rising prices. Great times to be a SMR investor. Did it beat expectations? I suspect it did. Comparing these results to Morgan's forecast, mine production is running beyond expectations. Furthermore, Morgan's have a price trailing off, which is not the case in reality. Note: their price target is $4.40
There was a bit of discussion about the coal price index I posted a few weeks ago. The index I posted (3rd chart) is close to the Platts Premium Low Vol HCC from the chart in the quarterly (albeit not perfectly correlated). I suspect that it might be timing differences as this is technically a November 23 contract.. In the last quarter, 31% of SMR's sales were the high value HCC. Conclusion - this index is not perfect for SMR, but it is significant and relevant.
Ann: September 2023 Quarterly Activities Report, page-2
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Last
$3.26 |
Change
-0.005(0.15%) |
Mkt cap ! $2.947B | |||
| Open | High | Low | Value | Volume |
| $3.23 | $3.27 | $3.23 | $914.8K | 281.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 22217 | $3.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.26 | 12966 | 30 |
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| Last trade - 14.04pm 17/05/2024 (20 minute delay) ? |
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Last
$3.25 |
Change
-0.005 ( 0.12 %) |
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| Open | High | Low | Volume | ||
| $3.23 | $3.27 | $3.23 | 76352 | ||
| Last updated 14.24pm 17/05/2024 ? | |||||
| SMR (ASX) Chart |