Quite looking forward to the quarterly update next week....
Nearly break even financial accounts reported for the December quarter (see Half yearly)
- that was based on 133k in coal sales
Break-even financial accounts reported for the March-quarter (see March update)
- that was based on 127k in coal sales
This quarter....
Record sales of 155k
Very strong coal prices through-out
No expected increase in costs over this quarter
Sept-17 average coal sales price ~$55
Dec-17 average coal sales price ~$60
March-18 average coal sales price ~$78
June-18 average coal sales price.... TBD
Yes, "cash is tight", but:
- has improved with sales above 45k (April update)
- will improve with sales above 50k (May update)
- is expected to improve while sales remain around 50k (June update)
I'm not saying its a good stock... but its being valued like its going out of business. The default risk after this upcoming quarterly should hopefully reduce and the stock may re-rate (is my view)
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Change
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Mkt cap ! $1.690M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $19.00K | 15.00M |
Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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0.2¢ | 18234777 | 10 |
View Market Depth
No. | Vol. | Price($) |
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30 | 63453580 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.002 | 18234777 | 10 |
0.003 | 35616172 | 15 |
0.004 | 13378325 | 5 |
0.005 | 12789600 | 13 |
0.006 | 3300000 | 3 |
Last trade - 14.41pm 04/09/2024 (20 minute delay) ? |
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