It is looking mispriced on the fundamentals. The coking coal price is strong and holding up well and there should be very strong cash flows even if production costs have crept higher. Perhaps the 1st Qtr results may turn it around. Further, at current market pricing for coal assets, I can't see CRN paying over the odds for Blackwater, if they bid at all, the discounted cash flow for the mine is totally out of whack with where the market pricing on the ASX is at for those assets.
Stanmore v Coronado, page-10
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| Open | High | Low | Value | Volume |
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