MTL has the advantage of government backing. This harsh environment will put many coal companies out of business only the strong will survive.
How do you think the sanctions against Russia will impact this stock in the near and long term ?
none, there is no sanctions in india or china or any place they sell coal to.
now if usa go haywire and starts a war, who knows. but i really dont see that happening since we have warned every country in the world that is a maga power.
If its not harsh stay away and do not buy. Too dangerous.
yep 100% true, if spot sits at or around $120, 99% of all met coal miners taking a loss selling, should make for some interesting stuff next round of earnings.
even at this price, MTL makes about $60-70 per MT. still a 50% profit if they close bluestone.
why is it not moving? these last 2 days have been like this.
spot varies throughout the globe. check it out. The volume plays in this stock are easy to read.