INTERNATIONAL COAL NEWS

CH4 stock wilts following Macquarie report

A MACQUARIE Equities report last week valued recent CBM listing, CH4 Ltd, at between 53 cents and...

Brendan Egan

This article is 20 years old. Images might not display.

The stock was sold down to $1.03 on Friday when the report – "Bringing methane to market" – based the low valued pricing spread on a 'range of potential outcomes'.

 

The bank was quick to say this was a base case valuation and not the sum total of the report, which rated the stock a short and long term 'market outperform'. The report said CH4 management can add further value through the contracting of additional loads in the Townsville market.

 

The report is "not putting a valuation on the company but valuing the locked in income as a base. That is the base case," a Macquarie Bank spokesman was quoted as saying.

 

Macquarie Bank subsidiaries held around 80% of CH4 prior to the float but now hold around 50%, held through subsidiaries, Bond St Investments and Macquarie Investment Trust III.

 

EnergyReview.net

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Future Fleets Report 2025

MMI Future Fleets Report 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.