The company reaffirmed 24 guidance. That guidance was Saleable coal to increase and costs to decrease as the 2023 overburden works wrap up. Also the maintainance for the year was brought forward due to Dec wet weather so quarterly growth should follow from now through the rest of the year.
CRN has a healthy margin on its cost of coal so I can't see any need to go into debt and with a 20 year resource there is no need to look for acquisitions.
if guidance was maintained then the 35% slide since this was announced seems strange.
if you look at WHC and YAL buying the dips has been very profitable this year.
News: CRN Coronado Global Resources Posts Group Revenue Of $668 Million For March Quarter, page-8
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Last
$1.14 |
Change
-0.035(2.99%) |
Mkt cap ! $1.902B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.13 | $4.122M | 3.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 49989 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.14 | 38034 | 5 |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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$1.13 |
Change
-0.035 ( 3.00 %) |
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| Open | High | Low | Volume | ||
| $1.16 | $1.16 | $1.13 | 563036 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| CRN (ASX) Chart |
