I'm not an expert on the coal market but it seems to be an in-demand product so...what is the fundamental reason this stock is collapsing?
There can only be one or more of several reasons:
- Volumes not believed (just increased)
- Projects considered to be not economic
- Political risk in South Africa
- Coal quality poor (see economic point above)
- Funding issues
- Company poorly managed
- Other?
Anybody got an opinion?