Added to YB: 2026-09-04
Pitch date: 2026-09-02
TER.AX [bullish]
TerraCom Limited
+1.33%
current return
Author Info
No bio for this author
Company Info
TerraCom Limited develops and operates coal mines in Australia and Africa. The company primarily explores thermal coal.
Market Cap
AUD 145.8M
Pitch Price
AUD 0.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.00
P/E
-2.17
EV/Sales
0.82
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Thermal Coal Torque - $TER.AX
TER.AX: TerraCom is a A$125m high-cost thermal-coal producer offering strong coal-price torque and potentially larger hidden value from Moorlands, infrastructure that could become available when neighboring Clermont closes, and a possible South African sale. A scenario of 2Mt attributable production at A$100/t margins implies A$200m annually, but unfinalized Moorlands terms and a precarious balance sheet leave funding risk, while 45% shareholder Orbit could use another underwritten rights issue to gain control at minorities’ expense.
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