You are so hell bent on being bearish that you don't realize that sometimes voting machine markets can get it all wrong. Yes, US$40+ million sounds like a tall order, but when you realize that the company is piling up cash at US$5+million a month, it does not seem all that tall after all. And there is no end in sight to this cash machine. Coal prices are high and coking coal even higher.
As for your analysis, it is nothing but charts. stick to what you know (charts) and don't tell us you know fundamental analysis.
The fact that the share price only went down 17% on low volume on such a worst case scenario, should tell you something. That you should be a buyer.
You are so hell bent on being bearish that you don't realize...
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Last
78.0¢ |
Change
0.025(3.31%) |
Mkt cap ! $149.2M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 78.0¢ | 74.5¢ | $14.06K | 18.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4234 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 9139 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BRL (ASX) Chart |