I'd expect the CEY share price to start a re-rating process towards the $3 mark. I don't see it happening over night and it could be 1-2 years off but in the mean time we'll be getting quite a nice dividend with the added security that 80% of their production gets sold into fixed contracts. Not bad considering the steaming coal price is sliding.
Share price drivers:
1) Possible take over 2) consistant earnings 3) productivity improvements 4) positive press surrounding latest aquisition.
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Held