Sure, I agree, the share price does not 100% correlate with the spot coal price. But changes in the spot coal price do affect the share price (whether you think it does or not). Coal price has fallen 10%~ this week. And the share price has falled about the same. A healthy pullback, and to be expected. It happens very much the same as the iron ore price and the iron ore miners. Not 100% correlation, but definitely a trend.
why the almost 5% decline today?, page-28
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