There must be a few closet PRC dwellers ...
Hopefully teething problems as you say ... profit taking could be happening north of $1 IMO (I almost considered it to help my cash flow) - would have bought back in today I can tell you ...
If the coking coal is of a quality worthy of avoiding a sell off, then the return will be north of $1.50 in share price - which I would have thought (pre this delay) would be pre-Xmas.
Given GCL, FLX, CEY are all very well north of the GFC lows due to coal demand, hard to see this coal stock being sold off. Thermal coal maintained a solid demand, coking coal is still to see a full rise in global demand - as it is more prone to cycles.
I've hung onto this on the back of an eventual turnaround in performance ... news article by Sentia will hopefully mitigate the delay costs, as long as they don't lose orders ....
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There must be a few closet PRC dwellers ...Hopefully teething...
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