yes and the Thermal "by product" needs to be sold - removed from mine site, so realising any revenue (although the PnL = loss per T) is still good to the company - yes hind sight says sell on the spot market but its not a few unknowns back in 2018. I recall that this contract runs out this year (hazy memory) so soon we might make a profit on 3mt that we currently dont.
Also as pointed out several times, part of the US production has been hedged at $187 which covers 90% of the US costs. I would love the company to start a rolling quarterly hedge lock in, ie each quarter they lock in 10% of the production at current prices (for 12 months) but while ever the Met price is pumping this would be the wrong strategy. The reason I would like it is that it would give research houses a better methodology to value it rather then looking at the lowest price in the last 10 years and assuming that
Ann: Update - Dividend/Distribution - CRN, page-24
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.44 |
Change
0.085(6.27%) |
Mkt cap ! $2.414B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.45 | $1.37 | $5.526M | 3.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 91384 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 22428 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| CRN (ASX) Chart |