Stanmore Resources Ltd Stock Forum

$Metals & Mining (LIST5006.AU)$ $Stanmore Resources Ltd (SMR.AU)$Where the greenies have coal wrong (and our #1 small cap pick)

$Stanmore Resources Ltd (SMR.AU)$Where the greenies have coal wrong (and our #1 small cap pick)

COAL miners closed comfortably in the green on news of an explosion at one of Anglo’s mega hard coking coal mines in Queensland. Fortunately no one was injured (what a miracle!)….
Our miners rallied because the price of coking coal should rise due to this decent supply disruption that may last quite a while. $Whitehaven Coal Ltd (WHC.AU)$ increased 6.27%, $Coronado Global Resources Inc (CRN.AU)$ put on 8.86% and $Stanmore Resources Ltd (SMR.AU)$ added 5.08%. $BHP Group Ltd (BHP.AU)$

Anyone predicting MET COAL won’t be needed in the coming years to make steel is on industrial grade LSD...“Green steel” is an absolute fairytale….I encourage anyone to prove me wrong; show me the science, show me a business plan. Please!!!…..
Maintain BUY on $Whitehaven Coal Ltd (WHC.AU)$ , $Coronado Global Resources Inc (CRN.AU)$ & $Stanmore Resources Ltd (SMR.AU)$

• Top gainers: $Graincorp Ltd (GNC.AU)$, $Stanmore Resources Ltd (SMR.AU)$, $Ramsay Health Care Ltd (RHC.AU)$
• Top losers: $Meridian Energy Ltd (MEZ.AU)$, $Neuren Pharmaceuticals Ltd (NEU.AU)$, $Champion Iron Ltd (CIA.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.3% lower at 7737.1, dragged lower by weakness in commodity stocks. With U.S. stocks providing a mixed lead, the benchmark index spent most of Tuesday's ...

Hard Coking Coal prices popped 11% yesterday….Just a thing of beauty for $Rio Tinto Ltd (RIO.AU)$ , $Stanmore Resources Ltd (SMR.AU)$ and $BHP Group Ltd (BHP.AU)$ . All 3 are a BUY in my book…..( $Yancoal Australia Ltd (YAL.AU)$ & $New Hope Corp Ltd (NHC.AU)$ are mostly THERMAL COAL so won’t be getting as much gravy)

Chinese STEEL exports hit the highest level since 2016….After a decent pullback, HARD COKING COAL or MET COAL now looks to be heading back up. $Whitehaven Coal Ltd (WHC.AU)$ , $Stanmore Resources Ltd (SMR.AU)$ & $Coronado Global Resources Inc (CRN.AU)$ are the best exposures for this type of COAL.

• Top gainers: $Stanmore Resources Ltd (SMR.AU)$, $Liontown Resources Ltd (LTR.AU)$, $Ansell Ltd (ANN.AU)$
• Top losers: $Contact Energy Ltd (CEN.AU)$, $WiseTech Global Ltd (WTC.AU)$, $Perseus Mining Ltd (PRU.AU)$
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.3% higher at 7848.5, edging closer to a record amid strength in iron-ore stocks. $BHP Group Ltd (BHP.AU)$, $Fortescue Ltd (FMG.AU)$ and $Rio Tinto Ltd (RIO.AU)$ put on between 0.7% ...

• Top gainers: $Emerald Resources NL (EMR.AU)$, $Paladin Energy Ltd (PDN.AU)$, $Ansell Ltd (ANN.AU)$
• Top losers: $Sigma Healthcare Ltd (SIG.AU)$, $Stanmore Resources Ltd (SMR.AU)$, $Xero Ltd (XRO.AU)$
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 1.3% lower at 7782.5 as property and tech stocks tumbled amid renewed uncertainty about the likely timing of global central bank interest-rate cuts. The benchmark index opened lower following a...

• Top gainers: $PSC Insurance Group Ltd (PSI.AU)$, $Liontown Resources Ltd (LTR.AU)$, $Cettire Ltd (CTT.AU)$
• Top losers: $Capricorn Metals Ltd (CMM.AU)$, $Stanmore Resources Ltd (SMR.AU)$, $Johns Lyng Group Ltd (JLG.AU)$
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.2% higher at 7729.4 as bank stocks continued to claw back their heavy week-opening losses. $National Australia Bank Ltd (NAB.AU)$, $ANZ Group Holdings Ltd (ANZ.AU)$ and $Westpac Banking Corp (WBC.AU)$ added bet...