the drop last week was basically due to the market getting spooked by the coal price prediction in the budget. i think the market has already realised that $60/tonne by June for thermal coal is just plain BOLLOCKS!!! NO way in hell coal is dropping markedly in the next 12 months... Treasury basically have lost the plot just like Goldman Sachs did with Lithium.... with this realisation that elevated coal prices are here to stay, the to stock prices will SOAR this is week! the taxes whether they come or not make absolutely fk all difference ....
$10 thread, page-77
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