Nice to see Richards Coal price ticking up by 10%..whilst there is no direct relationship it is a useful proxy. To land coal from RB to Tanzania is the coal price (say US$70) plus shipping (US $20/$30/t) plus loading, cartage and import taxes (another +US$20-30). IEC coal price from stockpile at US$65-$70 is still competitive and customers have benefit of reliable supply. At US$65-70 - IEC is making margin of US$20/t. Reason why Chairman was so positive in March monthly note about generating free cashflow and paying down debt.
Nice to see Richards Coal price ticking up by 10%..whilst there...
-
- 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 IEC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.536M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 71767956 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 13642000 | 6 |
View Market Depth
| Last trade - 16.12pm 27/06/2024 (20 minute delay) ? |
| IEC (ASX) Chart |
Day chart unavailable