ThumbTackInvestor

Reply to @cherrykoh : FA need to learn from somewhere one meh? There are no rules pertaining to FA. Just need to pick up any book and learn the basic accounting. From there, it's all a matter of investigating right?
Michael Burry didn't learn FA anywhere. But he found stuff that nobody else bothered to look at, not even the ivy league trained associates at the major banks that were counterparty to his shorts.

Consumption of ENERGY will definitely increase in summer and winter.
The peak months are August for summer, and December for winter.
But whether this will lead to an increase in coal price itself is hard to say. The chinese have prepared for this beforehand cos of last year's nasty experience where there was a severe shortage suddenly.
I personally don't think there will be a large spike in coal price simply because of demand for summer or winter.
But I think the coal prices will be well supported from here. It meets the NDRC's requirements.
Also, they took some time to keep the banks NPL ratio stable, it is currently at 1.35% now.
If this starts going up, we can expect NDRC to start engineering a reduced coal supply to increase prices.
Right now, I think they are happy to have accomplished what they set out to do, which is to keep prices stable in this range.

I am still long because I think the markets are way over exaggerating the coal price drop. If the coal prices remain at this current level approximately, for the rest of the year, Geo will do very very well, even if they deliver just 8mil tonnes. And I think coal prices will likely remain range bound here.

So the key, for me, is simply execution of the plans that management has said previously.
TBR and an accompanying offtake agreement is the key. Not so much summer or winter.
Although in the short run, summer and winter will be what makes the news.

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gdtry

i think someone buy huge vol at 24.5, its never ending

gdtry

Reply to @bengweequek : 哈哈哈 broken liao

Applebonkers

Had been observing this counter for a long time. Queueing to buy 100k at 0.225.

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