The attractive point of GCL is that only 80M shares are issued....

The attractive point of GCL is that only 80M shares are issued.

But GCL has quite limited coal resoures at 28.5MT. And there seems a large currency hedge loss like Macarthur coal, remember somewhere around $100M hedged at 0.90. (50%~80% sales revenue).

All coal stocks are cheap, and GCL is a good buy at current low price, I think.