Target $9.36, page-241

Hey all, a few fellow coal bugs are referencing the monthly chart I posted the other day. Here is the updated screenshot...

Tomorrow will close out the monthly candle & it looks like we are going to end up near the FINAL long term resistance from 2010 (Orange) which currently sits in the 5-5.20 region. I would suspect that some of the recent volatility/selling has come as a result of not just broader markets shifting people into cash but also the fact we are within 5% of this key structural level.

I would like to see follow through next month towards 5.50 so that we cleanly break above the resistance & into the top of the log channel as per the white arrow. This will buck the trend of the previous cycle highs & will propel us towards our $10+ "FMG 2019" style breakout.

As per the FA, it remains outragesouly positive & I feel extremely comfortable and somewhat excited to be a contrarian coal investor in amongst this ESG carnage. I am very much looking forward to an extension of the buy-back scheme along with a franked divvy (my opinion of what will unfold). The FCF generation is outrageous so buckel up & let's smash through all time highs later this year!