I'm new to owning this company, however it has been on my radar for a couple of years and I would of loved to have jumped in at a $2 buy price. However I'm in is now today @ $5.40. Personally with all the mine consolidations, share buy backs, moving towards the greener side of metals, I see dividends becoming more consistent and the share price moving towards $7-$8.5 in the next 2 years based on want is in play today. If this occurs I will would of sold by then.
This thread you set up was about the "Coking and Thermal coal prices...where are we going?", I think a few people have got carried away. In regards to this the spot price, IMO it is mirroring the global economy and prices still may go lower. That aside, the price of Thermal coal IMO will continue to drift lower as demand drops off, however there will be spikes as mines begin to close. Regarding Coking coal prices, IMO, I do not see an economic reason as to why prices won't be withing 10% higher or lower than today's price in 2 years time.
Just thought I would attempt to bring this thread back on track for the intended purpose. Have a good day all
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)