CEY 0.00% $6.16 centennial coal company limited

selling pressure, page-2

  1. 130 Posts.
    If you got in at the low of today is great. Its just plan silly senstiment when CEY trade at this level. People tend to forget the fumdemental with this stock:

    (i) 15MT production sold as secure contracts to power plants in NSW, Japan, Korea, EU, India ,etc
    (ii) very cash flow postive and dividen better than banks or TLS at >9% at this price
    (iii) multi mines operations to reduce risk
    (iv) diverse portfolio of coal and customers to smooth out cycles
    (v) like it or not, there is no cost effective mean to replace coal in the near future to generate electricity

    ete etc

    Its a definite buy at this level
 
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