Coal prices are poor with hard coke selling at half the 2011 peak. It's difficult to try and find a pure coal company who's shares have not been trashed.
China is turning away agreed prices for delivery of all grades of coke and then buying coal at sea at rock bottom prices.
Shenhua Energy is holding all the coal it can in store.
There is still money to be made from low cost resources but semi-soft coke is being sold again as a top grade thermal mix.
Indonesia is selling steaming coal down to $45 - $50 a tonne against $60+ last year.
DRG may be forced to deliberately mothball development and wait a few years.
me resigns, page-23
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Last
$1.40 |
Change
-0.035(2.44%) |
Mkt cap ! $1.648B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.47 | $1.37 | $30.89M | 21.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17070 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 142790 | 6 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |