Morgan Stanley re-rated Whitehaven coal a buy up to $5.45 target
its currently $4.17
brokers are expecting a continuation of strong commodity prices well into 2023
this is all well for Cokal
once we start production and producing, the numbers analysed revert to production and sales numbers quickly
a re-rate will follow
if we are valued at 23c pre production
pick any number as to what we are worth on production as "producer status"
mix in, continual strong hard coking coal prices well into 2023 along with some corporate interest
and we could see that illusive 50c-75c range achieved quite quickly
if whitehaven coal can go from 90c to $4.17 in 12 months
imagine what Cokal can achieve once in production
it all sits on the shoulders of management now
common you good thing
Morgan Stanley re-rated Whitehaven coal a buy up to $5.45 target...
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Last
7.0¢ |
Change
-0.004(5.41%) |
Mkt cap ! $75.52M | |||
| Open | High | Low | Value | Volume |
| 7.7¢ | 7.7¢ | 7.0¢ | $36.83K | 507.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 122979 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.4¢ | 281040 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CKA (ASX) Chart |