SMR sold 580kt in 6 months. The sales have been eating up the cost overhang ("transitional .. ramp up phase") so +ve cash flow and profits are getting nearer. They have ?4mtpa target for Isaac Plains. I don't think you need detailed calcs to see very good value.
Back in Nov (https://hotcopper.com.au/threads/coking-coal-prices-hit-300-per-tonne.3027587/#post-20543045) I said SMR was fairly priced at 0.75 and that I had moved on. Well I'm back in today, as I think SMR is heavily oversold. Time will tell.
Lack of support, page-10
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Last
$3.78 |
Change
-0.080(2.07%) |
Mkt cap ! $3.407B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.84 | $3.70 | $5.479M | 1.459M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1723 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 22913 | 8 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SMR (ASX) Chart |