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
$3.36 |
Change
0.010(0.30%) |
Mkt cap ! $3.019B | |||
| Open | High | Low | Value | Volume |
| $3.40 | $3.40 | $3.35 | $55.24K | 16.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5485 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.37 | 8963 | 14 |
View Market Depth
| Last trade - 10.13am 17/06/2024 (20 minute delay) ? |
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Last
$3.36 |
Change
0.010 ( 0.43 %) |
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| Open | High | Low | Volume | ||
| $3.39 | $3.40 | $3.35 | 9734 | ||
| Last updated 10.28am 17/06/2024 ? | |||||
| SMR (ASX) Chart |