Big volume selling indicate shark is distributing taking profit, but at the same time another shark is bottom fishing accumulating and prepare for another high
Regarding the cost, estimate the following cost involve:
1) Coal (this is the main cost, 55-65%) 2) Oil for mixture for density purpose 3) Water for mixture for density purpose, to cool off when coke is being made and out of oven, to reduce the dust generated from coal 4) Equipment maintenance (replace oven batteries, belt, equipment parts) 5) Electricity 6) Staff costs 7) Directors remuneration 8) Cleaning, safety and healthy compliance costs 9) Amortisation, depreciation 10) Others
There is no taxation involved at this moment since there is losses c/f for offsetting if not wrong.
For item no 2 to 10, I will still use 70 million as a temporary estimation until further info being extracted.
For capacity run, think sister companies in the group all due to withdrawal of lease terms and started business in somewhere maybe Feb-Mar this year. So not all ovens are in full run or at 70% regular utilization. Capacity wise will return back to 300,000 tonnes per quarter.
Bought 0.18 earlier, and 0.185 now and this is the 3rd round and hopefully contra again... Monitoring Huaan price together with the Coke Future Charts at investing.com Hope this is 3rd time lucky...Amen!
Aiyoo, apa congrats. I didnt top up or whatever when it was down. Next time I should monitor baju2 Padini more closely. Go itchy hand play this China counter pulak lor, lol.
Charles, unlikely to go low, if next quarter result continue deliver result as past quarter...Instead it will fly very high, because now it has zero borrowing!
The extension of time granted to Hua-An is without prejudice to Bursa Securities’ is until December 15 2017 for the Paragraph/Rules 8.03A. So planty of time as its already bearing fruit from the Metallurgical Coke price surge.
Dont worry on this ..... to further up .... public shareholding spread must be controlled in majority in first stage ..... dont shake up when price below or 0.205, hold tight .... show might be started back again at anytime.
Meta coke price need to average per qtr previously i used average 2nd grade price .... recently surge above 2300. Think will cross above 2400 soon .... China autumn and winter time is when .....
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....
Alex Foo
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Posted by Alex Foo > 2017-09-07 12:00 | Report Abuse
RUN ITS A TRAP HUGE SELL VOLUME DETECTED