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.
SMR sold 580kt in 6 months. The sales have been eating up the...
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Last
$3.18 |
Change
0.000(0.00%) |
Mkt cap ! $2.866B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.20 | $3.12 | $3.700M | 1.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4126 | $3.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 10510 | 3 |
View Market Depth
| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| SMR (ASX) Chart |