From what one can observe via nabtrade, there are 248 bidders for and 248 prospective sellers of YAL scrip who in total seek to acquire/divest a similar number of shares.
Yet the price keeps trending down.
Perhaps this reflects how Cinda has far more to offload? It's irrational given that despite rain and possible flooding of minesites (though no announcement to market, so it may not be 'material' beyond the downgrading of production that's been trumpeted), YAL remains in a very healthy financial position, and we should be set for an excellent dividend prior to June 2023.
On top of that, thermal coal spot prices (6000cal) remain very healthy (although I've not checked the 5500cal variant).
YAL valuation and potential final dividend, page-62
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Last
$6.74 |
Change
0.140(2.12%) |
Mkt cap ! $8.899B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.74 | $6.57 | $16.59M | 2.484M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 722 | $6.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.75 | 32316 | 10 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| YAL (ASX) Chart |