Ol’ market has gone a bit cold here lately but the fundamentals haven’t changed, if anything, only improved. $14m deduction from the QLD govt is effectively a $46m turnaround considering previous assumptions, and a US$1.20 floor on the spot price is excellent considering it has actually below that in the last few days.
Conditions only approving but the market still coy. Hopefully the sentiment will change once the quarterly is announced. Still a very happy holder
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