News: S32 UPDATE 1-Australian miner South32's quarterly met coal output falls 50%, page-4

  1. 2,096 Posts.
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    I sold out at 3.56, the run up was rediculous or at least for my mathematics...bought again at 3.09 this morning and sold at 3.17 this morning & looking for another placement.
    Its very possible it may go below $3 with world demand and geo politics, but if there is a large scale spread of war that will be good for S32, war is good for commodities, what i dont like is the lack of liquidity, which i think the fed will move towards QE and lowering of interest rates allbeit it can not go much lower than where it is now.
    Im surprised by the falls in production, not sure if it is by design in which case that it is a good thing for management in due course.
    The sooner hermosa is up & running, then i think the market will then have a *sigh* of relief...
    There is quite a bit of reading in this report.
    Keep your powder dry traders & get in & out as fast as you can.
    2024 is going to be a difficult year for us...
 
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$2.84
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