My strategy is that this will be like all coal producers - as long as you're reasonably confident in met coal prices going forward you would be mad to sell because the P/E ratio is too low.
I have no interest in capital gains from this stock - just dividends.
By my calculations 1 share will generate around $AUD1 per year after tax at the entry level production. I doubt anything will be paid out as a dividend for the first 3 or so years as they will be ramping up production and paying down debt.
So for me this is purely a patience thing. But it will hopefully be rewarded spectacularly.
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Last
31.0¢ |
Change
0.020(6.90%) |
Mkt cap ! $157.3M |
Open | High | Low | Value | Volume |
30.0¢ | 31.0¢ | 30.0¢ | $5.563K | 18.10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 45837 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 20965 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 45837 | 0.290 |
3 | 60500 | 0.280 |
2 | 13155 | 0.275 |
1 | 70000 | 0.270 |
2 | 47835 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 20965 | 4 |
0.315 | 56500 | 1 |
0.320 | 62736 | 2 |
0.325 | 44210 | 1 |
0.330 | 83700 | 1 |
Last trade - 10.25am 04/10/2024 (20 minute delay) ? |
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