I don't think it has anything to do with prospective BHP purchase. Management has made it very clear that they will not pay a stupid price.
Besides, CRN has openly said that they will be targeting 25Mtpa by 2025.
CRN has too much CAPEX to spend this year.
Now that Yancoal has come on the seen, I can't see anyone being able to match their bids.
All coal miners are significantly down in the last month except for NHC. Coronado the most.(16%) from $1.90 on 24 Feb
JMT
I don't think it has anything to do with prospective BHP...
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Last
$1.38 |
Change
-0.060(4.17%) |
Mkt cap ! $2.313B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.37 | $2.567M | 1.853M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 34996 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 4802 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CRN (ASX) Chart |