Geo Energy is facing lower coal prices , that's why the stock price is weakening.
To Golden Energy shareholders, it's immaterial because there is a takeover price set during better times just early this yr.
Indonesian coal with an energy value of 4,200 kcal/kg slipped to us$65.28 a tonne, the lowest since January 2022.
It's just over half of the peak of us$120.86 reached in March last year in the wake of Russia's invasion of Ukraine.
