Coking Coal is now selling for $104/ton v $280 just over 2 yrs ago. WES have their huge open cut mine east of Emerald and 40% share in another. Mine has gone from incredibly profitable to break even yet the goodwill on WES books remains over 3 BILLION. Watch for a big writedown in coming months. My estimate: 1.5Billion.
Coles is firing as is Kmart. But SP likely to remain under some pressure imo. Don't have a position but watching closely.
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Coking Coal is now selling for $104/ton v $280 just over 2 yrs...
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Open | High | Low | Value | Volume |
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1 | 10 | 69.880 |
1 | 142 | 69.870 |
1 | 60 | 69.820 |
2 | 220 | 69.500 |
Price($) | Vol. | No. |
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70.200 | 715 | 1 |
70.220 | 471 | 1 |
70.240 | 99 | 1 |
70.300 | 357 | 1 |
70.350 | 356 | 1 |
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