Member Info for JEZZAC

@Esquimo that is the problem we have always had interest from customers well in excess of 10k tonnes per month but they have never materialised or been named.
It seem you have more chance of Spurs winning a trophy than EDL hitting 10k per month.

1 year 2 years, its called kicking the can down the road.
They need a roadmap not a can kicking strategy.
Lets see how this week plays out but if they release another load of waffle i can see a lot of investors calling it a day. imho

Germany upping its coal capacity.... go figure..
How do they do that when its dead.

$133

Coal spot now 132.50, up 93.29% in last 6 months alone.
If some so called investors like dick or nobrot done some actual research and investing into the coal industry they might make some real money in the markets instead of crying about it on a daily basis.

End of Month will be judgement day for me and probably a lot of other investors. Theres only so much Jam you can take.

Coal spot price $128, up 15% just this month, 80% up this year..

Still going up £124 spot.
https://www.wsj.com/articles/coal-shows-its-staying-power-as-economies-bounce-back-11625650381
Coal was in decline for years in many countries, but its use is now picking up in the U.S., China and Europe despite growing pressure from governments, investors and environmentalists to curb carbon emissions. The leading reason for the uptick—which has pushed coal prices to multiyear highs—is rising power demand as economies reopen rapidly from pandemic hibernation.

Hopefully no more 2% up 2% down weeks and more small gains til spud..

Crystal
Dont cry about it on a BB If you expect the SP to go downwards then short it.. simples..

I would like to see the 2s gone sometime soon..

Coal futures up over 3%,..
"#China's thermal coal futures rise 3.7% in the morning trading."

The standard GC Newcastle contact listed on ICE weights 1,000 metric tonnes...

Coal futures extended gains to above $130 a tonne in early July, the highest level since January of 2011, as supply constraints and higher demand more than offset China’s efforts to tame rallying commodity prices. Warm northern hemisphere summer increased demand from Japan and South Korea while demand from the Chinese steel industry remains strong. Meanwhile, output restrictions in Shanxi production hubs amid tighter safety inspections and environmental curbs, as well as the closure of the Mongolian border due to Covid-19, led to a reduction in domestic coking coal production. Also, Chinese imports of coal during the first five months of the year declined by 31.7m tonnes from the previous year. Since last October, when China placed an unofficial ban on coal imports from Australia, coal prices more than doubled.

Chinese coal deliveries for June are expected to top 30mt. „Even with Gov efforts to cool the market such as releasing stockpiles prices will hold at elevated levels this summer, especially as the spot market is facing a “pretty serious” shortage“, said Huatai analyst W Haitao.

Spot Coal up to $123 up 12% alone this week, it must be worthless now if no one is buying it.. oh wait..

@Esquimo i remember the days when we were running out of oil :-)
Coal isnt going anywhere for another 50 years.

I cant see II selling due to news flow so my edumacated guess is accumulation going on..

Basically if you are a big buyer of a share you want to keep the average price of say 2.5p to accumulate as many as possible without moving the price. You will use a mix of buys and sells to control the VWAP.

The VWAP is used by traders who wish to see a smoothed-out indication of a security’s price over time. It is also used by larger traders who need to ensure that their trades do not move the price of the security they are trying to buy or sell. For example, a hedge fund might refrain from submitting a buy order for a price above the security’s VWAP, in order to avoid artificially inflating the price of that security. Likewise, they might avoid submitting orders too far below the VWAP, so that the price is not dragged down by their sale.

VWAP being tightly controlled. Once loaded up this will start to move north very quickly.

I prefer spot coal as its up 142% :-)