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 hope you're right cyberstar.Have a look of Yancoal's HY report...
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Last
$7.65 |
Change
0.020(0.26%) |
Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
| $7.69 | $7.71 | $7.64 | $24.66M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22151 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.66 | 12306 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |