IMO, the reason for SMR's lack of buyers is:
-management has been slack with operations' updates (emerging miners live of their anns)
-Investor public dont realise that SMR is on forward contracts and that a fair share of Mar
Qtr revenue will be @ Dec Qtr pricing which is higher than current spot.
-the company has not given enough forward guidance re mix of thermal/coking coal.
I note that the SP peaked on the 17-10-16 when coking coal peaked in spot price
IMO, the Mar Quarter financial results should lift the price back over 50c due to the higher contract price
& no weather stoppages.
Perhaps others could comment?
mm
Please note: this is not investment advice and please DYOR.
Lack of support, page-2
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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 |