Has anyone looked at some of the international met and thermal coal producers?
Of interest to me in particular is Arch Resources (ARCH) and Alliance Resources (ARLP). Arch for example, are now net cash after paying down a significant amount of debt and have very strong operating margins. As you can see, unlike our producers their cash costs are actually coming down, not going up.
I have taken a position over the last few days in both for full disclosure.
I just wonder if the jurisdiction risk is lower, tax rates are lower and they seem to have access to more labor in those rural areas. Understand there is no benefit of franking credits and some FX risk is an issue.
@mondyinvest @hagetaka @Alejandro1 Or anyone else with insight, appreciate your opinion.
Thanks.
Target $18.72, page-6491
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