I will never ever put more than 5-7% of my total investment in any one stock, and would highly recommend everyone not to put more than 5-7% in one.
Metcoal demand and price will eventually move up (rather soon). CRN Met coal cost is $90per ton, their average sell was $91.9 in 0620. 77% of PLV price is CRN realised price so if PLV>140 achieved this company will rock.
I reckon SP in range of 0.6-0.7 is dirt cheap for potential from mining assets they got. Do your own research, do not throw your money on someone's 2c worth belief, though. Enter with small lot then (if SP goes down- if you are lucky, shorter/institution play it down) then buy some more lots to average down your cost base. Good luck.
I am invested more than $25K in CRN so I will be biased towards bullish view.
Ann: Substantial Securityholder Notice, page-7
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Last
$1.17 |
Change
0.005(0.43%) |
Mkt cap ! $1.961B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.20 | $1.15 | $4.031M | 3.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19926 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 28551 | 2 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| CRN (ASX) Chart |