Difficult to say - We are not anglo american or South 32 that we need to worry about large investment houses money. There is plenty of money going around for our purposes. We should buy another one of those $1 mines. $100mil Ebitda is chump change for Anglo or South 32 - not for us.
A better indicator of how coal is going to behave is keeping an eye on the Natural Gas prices - once it starts getting expensive - the economics of coal will make it attractive again. We should see some modest price recovery in coal to keep the close mines closed and have enough of a supply constraints to remain competitve with Natural gas.
The recent China Aus trade summit might help as well if China allows Aussie coal to be imported again.
Ann: September 2019 Quarterly Report, page-41
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