This all looks so weird. Huge spike at the end of the day - coal stocks rallied 3% in the last minutes. It seems China will start importing Australian coal as early as April 1st (hopefully not an April fools joke). Coal futures up overnight - everything looking positive.
Anddddd we drop 4% because who would want to buy a company printing cash in this high inflationary environment, and will continue to print cash for at least the next 12 months. Market cap = $5b~ and we currently have approx $2b+ in cash.
There just seems to be something other than ESG playing a role here.
This all looks so weird. Huge spike at the end of the day - coal...
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