BHP assets are great , however this has four major issues
1)QLD -- its new royalty tax on coal operations is a NO NO for investment ...........hence BHP getting out
2) Coal -- is on the NOSE for future investment ......hence BHP getting out
3) BHP selling during a period of high coal prices..........a risky time to buy , especially with debt
4) CRN is managing their way to solid balance sheet .........needs to keep this focus , get rid of the debt and build some cash for next coal price downturn.Which could last a long time when it comes.
Stating the above , there is always a price that could override the above 4 points. the price is a return on investment of 1 year.Even CRN could not stuff this up , given 6 months of forward price selling.
Anyway , I sold out again , after making profit and will consider buying back when price hits $1.7 before Xmas.
BHP assets are great , however this has four major issues1)QLD...
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Last
$1.20 |
Change
0.015(1.27%) |
Mkt cap ! $2.011B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.18 | $2.620M | 2.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 129838 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 122848 | 9 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.20 |
Change
0.015 ( 1.07 %) |
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| Open | High | Low | Volume | ||
| $1.19 | $1.21 | $1.18 | 921304 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CRN (ASX) Chart |