Aussie coal miners eye record profits shareholder returns as prices surge Global coal prices have shot up over fears of a supply crunch after the European Commission decided to ban imports from Russia following its invasion of Ukraine
Coal is poised to replace iron ore as a source of super profits
A scramble to secure coal from anywhere but Russia has lifted coal miners to record levels and unleashed a rally in the price of traded coal futures as the effects Europe’s energy supply crunch ripple across the globe.
Coal miners continue to climb, with Yancoal predicting prices will remain strong for the rest of 2022 Metallurgical coal has even come back into favour
RE: ITM Power cut to sell at Goldman18 Aug 2022 11:59
Strange how the market doesn't respond to 5 analysts giving this an overall buy consensus of 472p, but instantly responds to 1 marking it down, probably because that 1 opened a short
A mining business dubbed “worthless” just 14 months ago has seen profits jump almost 3,000% thanks to a scramble for coal provoked by Russia's war on Ukraine.
Yep, sell on news as I said before, fortunately I sold a load yesterday from 47, 48 and even 49, decent profit, can buy back now for 44p but will leave for now,
Invinity Energy Systems is independently working on the partly Australian Renewable Energy Agency or ARENA-funded Yadlamalka Energy Project in South Australia, to deliver one of the world’s largest solar-powered VRFBs