There's high potential upside if China's ban on Australia's coking coal holds.
Few reasons why CR wasn't so grand and hit shortfall offering:
- Decent chunk of people are calling bluff on China blocking Aus coal long-term
- Lot of instos are short coal because of the green initiative
BUT you need it to make steel and all the other goodies that will one day produce clean energy and transportation.
TIG needs to increase shipping capacity and reduce operating costs.
They're sorting out the latter with decisions like in-sourcing port operations, cutting costs by 50%.
Medium-to-long-term hold IMO. I'm waiting to see price action after the CR.
As always DYOR.
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0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.26M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 10467346 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 2605644 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 10467346 | 0.003 |
2 | 8333666 | 0.002 |
4 | 3000000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 2605644 | 6 |
0.005 | 2179046 | 5 |
0.006 | 650000 | 2 |
0.007 | 260000 | 1 |
0.008 | 250888 | 1 |
Last trade - 16.12pm 30/09/2024 (20 minute delay) ? |
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