Did some calcs at 600kt per quarter and benchmark price of USD$300/t, AUD of 71c and assuming Terracom achieve 80% of benchmark, todays royalty robbery, works out at an extra A$14m per quarter. Although this is extremely unpleasant, at USD$300/t I have Terracom making about $150m EBITDA per quarter, so it takes about 10% off EBITDA.
The current thermal curve for July to Sept is averaging about USD369/t, which sees TER making $188m EBITDA by my calcs (after QLD govt robbery) . In the June 22 quarter they are forecast to make A$224m EBITDA. That is over A$410m EBITDA in 6 months. The market value after todays sell off is $438m. So after todays announcement, we still have a stock that is likely to earn its share price in EBITDA in just over 6 months.
I don't think there is any need to panic just yet...
Did some calcs at 600kt per quarter and benchmark price of...
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $168.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $328.4K | 1.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 1226957 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 33834 | 4 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
21.0¢ |
Change
-0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 22.0¢ | 21.0¢ | 703275 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| TER (ASX) Chart |