Ann: Half Yearly Results Presentation, page-43

Sadly the RCPS are still relevant as it tells the market place that the company is run by the sort of management that is happy to sell 1/3 company on the cheap when we all know it had the option not to....BRL suffering from self serving board.

Now as usual you have made a foolish case this time indicating BRL won't lose from the tariff deal because they don't import coal to the USA.
The reality is the US has it's own coking coal and is about to ramp up it's own production of steel therefore decreasing it's 90% reliance on imports.
BRL supplies many countries that compete for that 90% so with this shrinking (substantially according to trump) and the US using it's own products the demand from traditional suppliers will weaken therefore weakening the export coal price.
It's very sad when investors view there investments through rose tinted glasses.
They tend to be the ones telling us all that the markets are asleep and making poor excuses for material macro events.

Watch and learn I personally think you are going to see a big correction on coking coal by year end.
Happy to say I sold all my coal holdings today