AiLungAgree the chart looks good, but factoring in some...

AiLung

Agree the chart looks good, but factoring in some fundamentals, I think two things will have fairly big impact on SP over the next 12 months IMO:

1. CEY's strategy is to roll off Aussie coal contracts and direct product to export market. But Aussie $ remaining high is hurting CEY's revenue on exports. I'm not clear what their hedging strategy is? They need to provide more guidance to shareholders here

2. Looks like coal producers just got a free kick this week in terms of extra compo from proposed changes to the carbon pollution reduction scheme rules. This is good but impact of 1 above is greater IMO

I expect CEY to dip slightly again and to keep fluctuating in the low to mid 3s, until the Aussie $ starts to drop in the middle of next year. Unless we get a takeover offer (fingers crossed!) or something else unexpected

DYOR!

V5