RE: The Price of MET Coal keeps ticking up12 Jan 2022 08:19
@Rob, it's what I've been saying. Piling up the coal is all well and good, but market likes seeing cash flow in real time.
As we know we can't sell the black stuff until it goes through the wash plant, so news that's now serviced and ready for operation will be a BIG step forward...and of course the rail system. This entails us to receive our first offtake payment which I believe is paid ahead of delivery.
When you do the calcs, it's clear to assume that as per coal quota, we accrue a substantial amount per month. This can't be ignored IMO by the market in general and we'll re-rate accordingly, BUT yes, the first payment is crucial!
In retrospect we're all, if not most, well positioned awaiting news of progress on the above.