Yes, It basically comes down to the demand for steel. The met coal price is notoriously sensitive to factors in Queensland and when Qld supply is decreased up goes the price. All this does is open the door to another supplier, it doesn't change the demand. My instinct tells me that Glencore are playing the Climate Change sentiment card regardless of what the truth is. Rio sold out because they didn't want o play that game. So, here's hoping the price goes up, and along with it, the value of TIG to a suitor. For the record, being a Geologist, I am a Global Warming cynic. It is real but is just as likely to change back to Global cooling. There cannot be, any such thing as Climate stability. It is a naturally occurring system that swings back and forward always looking for, but never being able to hold to, equilibrium....like a clock's pendulum.
TIG Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
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