hi phill,
i agree about coal being out of favour, but in reality, even stocks WITHOUT a resource are being traded upwards of late. so it is inevitable that this will run too. apart from the fact that technically it will become a buy, fundamentally it will be considered cheap again. and don't think that coal has had its day. there is a long leap between now and the green clean future, and most of asia has big needs to be met
54% increase in elimatta coal reserve, page-7
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