is ever thus - 2013 to 2015 took the wind out of pre-cashflow...

is ever thus - 2013 to 2015 took the wind out of pre-cashflow bulks in a serious way

am liking the stability of the in china metcoal pricing though - not many outside the industry are aware of that pricing. some of the other investors i talk with arent even very clear on difference between thermal and metcoal margins

think thats probably why Mr T has gone hard. you have to think he's focused on the big cashflow

stockmarket - well who knows when it decides to start really pricing in that value of future cashflow

but if someone with his understanding within the country sees it - and he;s in for what now must be approaching what maybe $20m -thats a serious informed view to consider.

i think what i'm interested by most is he elected to take a listed exposure rather than buy coal tenements himself. which with his money you;d think he could finance

only conclusion i can reach is he thinks the equity is undervalued even relative to buying and drilling his own