Profit taking before the coal price retreats back to $90 ton.
Coal will likely fall back to $60 ton
The same thing happened before
2018 coal $100
2019 coal $63
A market shock with high commodity prices results in the price falling off a cliff. This is true with all commodities.
If the debt is not paid before the correction the company could lose everything.
I hold this company as a gamble as I do with many small caps.
directors cash out
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Last
27.0¢ |
Change
0.030(12.5%) |
Mkt cap ! $216.2M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 27.0¢ | 24.0¢ | $1.340M | 5.151M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32300 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 489111 | 7 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
26.0¢ |
Change
0.030 ( 7.13 %) |
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| Open | High | Low | Volume | ||
| 24.5¢ | 27.0¢ | 24.5¢ | 982603 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| TER (ASX) Chart |