Try comparing the EV/t of coal with peer companies and you will soon come to the realisation that at $2.00 it was over valued.
At $2.00 it had a very big premium on it based on rumour (takeover, sale of company etc). Was trading at one stage more than 60 cents EV/t.
It still is trading at higher levels of some other coal exploration companies. Currently it's at 25 cents.
:)
Nic
- Forums
- ASX - By Stock
- simply ludicrous
Try comparing the EV/t of coal with peer companies and you will...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)