CRN has the advantage of having US assets. Choice between spending $1 of capex on expansion in the US or QLD must now favour the capital being allocated to the US everything being equal (coal grade, difficulty of extracting the coal etc.). Unfortunately demonstrates that Australia has one of the highest sovereign risks globally for the mining industries......
Regards,
BSP
News: CRN UPDATE 1-Australian state's coal royalty hike could nudge others to follow suit - analysts, page-10
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$1.34 |
Change
0.035(2.68%) |
Mkt cap ! $2.246B | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.35 | $1.29 | $2.692M | 2.025M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 874 | $1.34 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 47325 | 3 |
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