Ann: Daily share buy-back notice - Appendix 3E, page-7

This $145 reminds me of what the US Fed claims will happen...totally tone to what the market was telling the Fed.  The Fed said 2 hikes coz there is strong growth and risk of inflation.  The bond market said "You are living in a make believe world coz we don't think you can get even 1 rate hike; inflation is falling and inflation is going to zero".  I am happy to bet on the side of the markets.

It is better to look at what Mr Market is saying, rather than some clueless bureaucrats in some Australian ministry.  The Greed is Good guys and gals are putting money on the met coal price being far higher than the $145 these clueless people came up with.  In fact, the futures price in Dec 2020 is $177.  Spot is $225 right now, as you may know.  If anything, met coal prices have been relentless moving higher since August 2018.  

I suspect a reason why BRL died in 2018, is because of cash going into technology stocks and out of mining.  But now that cash will look for new "leaders" and BRL is right there to be plucked higher.