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)
- Forums
- ASX - By Stock
- Upside Surprise coming
Quite looking forward to the quarterly update next week.......
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