"Yancoal has several Australian mines. Despite the company having majority Chinese shareholders, it cannot get its coal into China."Yancoal exports about 20 per cent of its total production to China and there has been some disruption to Yancoal's business in China," Mr Raby said."And Yancoal, like many other coal companies, is busily looking at other markets for that 20 per cent that has been going to China."
That's a big part of the pie.
Investors are ignoring everything and driving this up again, but Yancoal is the most exposed to the chinese restrictions. There's no reason for this to fully rerate all the way to 3.
I'm out today. GLTAH.
"Yancoal has several Australian mines. Despite the company...
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Last
$5.87 |
Change
-0.020(0.34%) |
Mkt cap ! $7.750B | |||
| Open | High | Low | Value | Volume |
| $5.90 | $5.93 | $5.86 | $4.097M | 696.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2997 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 2530 | 2 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$5.90 |
Change
-0.020 ( 0.50 %) |
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| Open | High | Low | Volume | ||
| $5.90 | $5.91 | $5.86 | 98959 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| YAL (ASX) Chart |