"Yes, aren't Australia's major banks short-sighted as they avoid...

"Yes, aren't Australia's major banks short-sighted as they avoid financing thermal coal. Just missing out on profitable business for no reason! "

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I look upon the situation as one from where the coal mines are being forced to finance themselves. The market identifies this and prices coal accordingly. It will no longer be a case of going to the bank and asking for help to build that new coal processing facility... it'll be a case of fund it from cash flow.

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Were alsalso watching a reset of economic systems whereby true value is found. Let's face facts, a company that's priced at $50b and all the do is make some picture jiggle on a computer screen without any profit or narrative influence is worth SFA. Coal provides the fundamental input to these overpriced companies and is going be re-rated accordingly. One of two things will occur... tech companies will fall in price or coal/energy companies will rise in price. I personally believe that a fall in price of tech companies is unlikely because this will hurt the group think psychology of the population and the powers that be will avoid such a situation. Hence, coal/energy prices to rise.

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All aboaaboard the coal train. Toot. Toot.