The only reason is that MCC below $3 is the cheapest and most valuable coal stock in ASX market.
The hedge loss could not make any foundamental change to the company's successful business.
Looks some big buyer come back, at least 500,000 shares were trading outside the market at $2.91.
Talbot may have already met the 20% limitation on RIV. He will judge which is a better choice, [email protected] and [email protected].
Time will tell.
Cheers
