Buy this when it’s been completely thrown out. Then regardless of your opinions on the long term future of thermal coal, you’ll receive the value of your investment back in the medium term through dividends.
Id argue this can fall a lot further. You’ll still have Blackrock to offload and probably a few other left wing funds so they can feel good and make a pathetic political statement first.
Ill buy if it goes sub $1.50 on current spot price. Not sure if it’ll get there, but never know. Irrational fund managers dumping holdings of other people’s money do stupid things.
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