With coal prices at a high..power producers have no option but to mix coal with lignite to reduce their costs..
GMDC produced a good result and with winter coming and no sign of Russia increasing gas supply Coal prices will show no signs of cooling off..
This works well for the company as its been adding many new customers and until coal prices cool off this works well for the company.
Long above 188 with SL below below 170.
Already having a position above in the 150's it helps when i pyramid this..the SL won't hurt as badly.
GMDC produced a good result and with winter coming and no sign of Russia increasing gas supply Coal prices will show no signs of cooling off..
This works well for the company as its been adding many new customers and until coal prices cool off this works well for the company.
Long above 188 with SL below below 170.
Already having a position above in the 150's it helps when i pyramid this..the SL won't hurt as badly.