NPAT = 22mil, eps = 27c now low debt, should be aiming for pe = 7 = $3.80 on rising exports of coking coal and thermal over the next 6 months.
OPen cut operation extended to 2020 and plenty of underground reserves. hopefully they wont waste cash of acquisitions but rather develop existing assets.
price for coking coal =$US83 which is below current market price of $115. Hedged at 73.3.
If they can continue this level of profitability price should rise steadily over next 6 months.
•EBITDA $34.7m•NPAT $21.7m•Revenue up 107%
GCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
