that is really interesting news. Cant understand why they still understate their NPAT like that. On 34.7 mil = 42.5c eps. For a PE of 5, value would be $4.25 , so GCL is looking seriously undervalued.
l can only think that the concern is the thermal contract prices and the rising costs in mining in general which may make the thermal profits very small. The coking contracts should however continue to be very profitable. At these valuations one would also expect a take over offer. Nothing like a rumour to get the price up! Lets start one!
GCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
