Making a quarterly loss doesn't mean it's a con company. Coal price remained high throughout Q1 while coke price stayed weak, thus the lacklustre results. (Note: I haven't read the quarterly report.)
Tipster, what's your take on Q2? It seems to me that the spread between coke and coal was even narrower in Apr and May.
The prices are OK if one has been tracking the coal coke prices.. The margins are awfully thin.. Coming out with a small gross profit is really good...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tong Coleman
99 posts
Posted by Tong Coleman > 2019-05-23 15:13 | Report Abuse
buy, buy, buy at cheapest