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Sold half my holdings over £5 today. Keeping a lot on the table for news tomorrow.
Good luck all holders

Hoo boy that’s some selling.
Maybe early to top up. Bond market pricing in 4 us rate hikes.

I’ll wait until 3.50 or less if other news breaks.
UK gov tax hike on producers?

Beijing continues to reign in prices, coal futures slipping, fears of fresh lockdowns renewed in some places.

RB futures contract for November down 10%

https://www.barchart.com/futures/quotes/IFFQ19/futures-prices

This is actually old news and out of date

Check Twitter posts by SXCoal. 56 of the flooded mines are operational again.

Not a deramp, just ensuring people have accurate information

Given the futures action, La Niña possibility, European cold snap incoming, relative low wind and overall trend for U-turning on coal plant decommissioning, I have to say this is a buy again for me. Previous tantrum about unions I feel silly about.

The main headwind as I see it is whether broader market action and rate hikes have the ability to kill this trade. That’s pretty much the only reason I’m not allocating 50+% of my portfolio here.

China demand still high, and while 56/60 of the the flooded mines are back in action in Shanxi they can’t increase their production by 50% overnight as ordered by the state. It doesn’t work like that!

Like many of you, I’d appreciate a company statement regards operating figures and rates, but regardless suspect there is still upside to be had here

Why are my posts here being deleted?

I’m trying to advise you all of a headwind. NUM supports NUMSA strike. Do your own research