I agree coal is way over priced and will correct at some stage, but have no idea when.
Europe is beginning to panic about having citizens freezing to death over the next winter if Russia decides to prove a point, so they are stockpiling any fuel they can get at whatever price. Friends visited Hungary recently, they say people are waiting and wondering...
Some of the price escalation must be NSW flood impact, which means NHC sales likely impacted, which is a negative.
Medium term there has been low new investment due to ESG.
This is not just a run-of-the-mill boom/bust, my money says its stronger for longer.
I will not sell until I hear an update from management, because they have a better idea than anyone what is going on, and they were buying last month at 367c.
Sounds easy, buy in at $1 and sell now, but that's Harry Hindsight, I averaged in from ~$2 all the way down and up again, all-in for $1.84, but have had posters telling me I'm an idiot all the way down and up, its only easy in the rear view mirror.
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