Listening to the last AGM call and the question was asked as the mix between Long term Supply Agreements vs spot price sales and they said that 70% are long term contracts...
QUESTION: doesn't this imply that they have little ability to forecast coal demand long term AND/OR that the company won't get that much benefit from current high prices, as they might drop before the next batch of long term contracts are renegotiated.
Trying to work out if management are just lucky or actually good.
Target $4.61, page-6495
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