I hope you're right cyberstar.
Have a look of Yancoal's HY report released yesterday. They lost 45m. They earned $34 for each tonne they sell, and still they lost money.
In the scheme of things 45m is minimal given the company size. However, unless coal pricing turns to US$70 or so, base on my analysis of latest report, YAL will continue to lose money. I hate this as I have a large investment in YAL.
WHC is probably in the same situation.
How likely are we seeing a price rebound this year? I'm not entirely optimistic, nor am I pessimistic. Market can give surpruises. Might need to crunch my numbers and decide.
I’m in, page-60
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Last
$6.82 |
Change
-0.080(1.16%) |
Mkt cap ! $5.705B | |||
| Open | High | Low | Value | Volume |
| $6.85 | $6.94 | $6.79 | $34.16M | 4.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 259 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 18755 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |