As others have commented. Massive short term hit but over the longer term with lower tonnage prices not so much. Problem is the current share price reflected the $600 a tonne and paying off that large debt quickly to hedge against a sliding tonnage price. Not to mention the absolute sovereign risk we now have in Queensland and every Labor State. NSW is still at 8.5% royalties. At least they have a brain of sorts. Anglo American boss just came and said this increase was inconceivable. He’s not being dramatic.
As others have commented. Massive short term hit but over the...
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Last
$3.70 |
Change
-0.010(0.27%) |
Mkt cap ! $3.335B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.78 | $3.69 | $2.699M | 727.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11138 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.72 | 4128 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SMR (ASX) Chart |