Its not just about the coal price, and yes coal price is starting to fall in China. But a USD100 newcastle coal never helped Geo Energy stock price any way (vs Adaro etc.)
It is about the lack of updates on the acquisition (acquisition price was revised up from 2 per ton to now 3 per ton), and the delays in the offtake agreement. Something feels wrong. Without a proper acquisition, this is just a company with 4 year life span.
#vested, but very disappointed.
I been trying to understand this chart. But still don't understand how to relate to current market price... I only can see every time after Dec it will slowly go down & a bit flat... Is this what u mean? or can help give more hints please... thanks :)
now going to spring soon. the elec usage will be flat compare to summer & winter. this is what I learn from ur blog. there is a elec usage chart u post on ur blog. maybe is spring time, the consumption will lower so market price drop even result Good?
Its not just about the coal price, and yes coal price is starting to fall in China. But a USD100 newcastle coal never helped Geo Energy stock price any way (vs Adaro etc.)
It is about the lack of updates on the acquisition (acquisition price was revised up from 2 per ton to now 3 per ton), and the delays in the offtake agreement. Something feels wrong. Without a proper acquisition, this is just a company with 4 year life span.
#vested, but very disappointed.
Reply to @l0nEr : wait, what acquisition are you referring to?
I been trying to understand this chart. But still don't understand how to relate to current market price... I only can see every time after Dec it will slowly go down & a bit flat... Is this what u mean? or can help give more hints please... thanks :)
now going to spring soon. the elec usage will be flat compare to summer & winter. this is what I learn from ur blog. there is a elec usage chart u post on ur blog. maybe is spring time, the consumption will lower so market price drop even result Good?
Reply to @ThumbTackInvestor : sound complicated to me... hehehe
think I roughly get what u mean thanks :)
nice. shows clearly forward looking bias on market discounting mechanism.