its particularly discomforting to see a continued sell-off when coal stocks rebounded today.
all this at the same time a placement is being discussed.
seems fishy.
seems like the people who are taking the placement are filling their boots ahead of time.
think a "crap market" is a convenient excuse to remove a lot of people from the registry and replace them with others with deeper pockets. at the end of the day - still the best coal play with an "economic resource of enormous potential" that is well undervalued on peer comparison.
no doubt this will finish and when it does I think it will bounce strongly.
i said it before - this is the greatest piece of engineering in perth since the narrows bridge.
CDS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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