Quote: "There will be continuous sovereign risk scares associated with coal but each one will only last until the next blackout." .... So true.
Am watching Europe carefully as winter is coming, Russia is only trickling in gas and reserve supplies are dwindling .... Already talk of rationing. I know the Europeans don't buy NHC coal, but their demand affects the marginal price globally. Meanwhile, China is changing its tough tone. Who would have thought that energy shortages, high prices and extra pollution from alternative poor quality coal could make someone's principles buckle?
Meanwhile the cash pile keeps building at NHC and futures prices remain elevated (300+ USD) to April 2023.
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