Let not forget the movement in Richards Bay Coal price over the last 12 months - up from $75 in Aug 2017 to approx $104 now. I remember being in the high $40 range for coal only about 18 months ago. Looks like fundamentally the coal price is now higher and staying there....... bring on finance becuase it all stays in the ground without it.
Great to see about 3/4 of the register are top 20 and are not here to sell short term. Yes most of the top 20 picked up their shares at 22c or more.
Traders and smaller investors will drive this higher when finance is confirmed.... for now its just small traders nibbling at the edges to get a spec position.
Once the reisk profile is dimished bigger investors will flow through.
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