There are a few tail winds in play for this stock at the moment, assuming the government doesn't intervene in some unfortunate fashion. Thats now two months in a row of "small profits", record production and sales and sufficient build up in inventory to cover them a month out. The new screener put in place for this month, should further improve efficiency/reduce costs and hopefully continue the small profit pattern of late.
There is this, which will result in increase coal demand:
http://www.globalcement.com/news/it...inoma-and-hengya-cement-to-build-us-1bn-plant
And still the potential SynoHydro 270mw coal fired power plant which will similarly see a step change in demand.
Should one or both of these projects get up, the challenge/risk will be whether the government forces them to sell the coal to SynoHydro and Sinoma and Hengya at below market rates. Something I wouldn't put passed them.
Things are looking up for IntraEnergy save for any missteps by the government
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.690M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $104 | 103.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 76607314 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 18234777 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 76607314 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 18234777 | 10 |
0.003 | 36866172 | 17 |
0.004 | 13378325 | 5 |
0.005 | 12789600 | 13 |
0.006 | 3300000 | 3 |
Last trade - 10.04am 05/09/2024 (20 minute delay) ? |
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IEC (ASX) Chart |