do not understand your logic.
first you state , keeping CASH makes no sense with current interest rate. valid point , however , I would rather have idle cash vs debt or bad investment.
second , you state no-one has cash at the bottom of a cycle when investments are cheap.....
Well you would have cash for bottom of cycle if you did not buy investments at top.
If CRN approaches another bottom of cycle , with no cash and plenty of debt and a repeat of lower coal prices due to sluggish demand ...well someone will take CRN cheap.
In times of HAY , SAVE and play down debt , reward shareholders and with surplus buy back shares. CRN is still cheap given current coal prices.
CRN should buy CRN vs anything else. Strenghthen the balance sheet , make it a powerhouse for next downturn.
do not understand your logic.first you state , keeping CASH...
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Last
$1.29 |
Change
-0.010(0.77%) |
Mkt cap ! $2.162B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.28 | $2.827M | 2.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14384 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 3428 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| CRN (ASX) Chart |