A weak day in the market. I think the next meaningful catalyst is when GUJ finalises the purchase of the Eloura mine. Outlook for coking coal continues to improve which will be a growing positive for GUJ. Main Broker for the stock is changing the analyst which covers the stock, so they have been a bit quiet in terms of research (which should pick up again near term). Finally, investors a bit shy of topping up as management selling has knee-capped us all in the past. If they keep their nose clean, this stock has to re-rate as fundamentally it's trading at < half value, warts and all.
Keep the faith (at least in the short term)
GUJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held