Cokal

[Hectorplains]

If your ESG sensibilities haven't precluded it, my word coal has been an awesome space this year to have funds in on the ASX.  Of the yet to really run, Cokal have a checkered history but the last year has seen them on the brink of bringing to market high quality coal from what was close to a stranded location.  To be honest, this thing has caused me more heartache than I'd care to revisit, even give my very low average price. Coal is now super close to being mined and the upside potential is huge.  This will generate ridiculous cash at current prices for coking coal (which show no signs of retreat.) Anyone else got the dirty rock's global destruction as a {ahem} black mark against their soul?

[arekaywhy]

I recently had to sell up to take advantage of something else, but boy I wish I didn't have to.  Yancor, Whitehaven and Stanmore all getting a bump recently too.

Feeling the need to get back in.

[Hectorplains]

I recently had to sell up to take advantage of something else, but boy I wish I didn't have to.  Yancor, Whitehaven and Stanmore all getting a bump recently too.

Feeling the need to get back in.

Another positive announcement this morning - another seam.  Photos show a very low overhang. 

[Hectorplains]

At he risk of talking to myself...first sign of madness, and all that... this has edged up further.  News of a start to production (which should have happened end of August) should be the catalyst for another leg up.  Coking coal prices have dropped back a wee bit but are still hot.   

[Hectorplains]

Wee what a year for Whitehaven!  Coal is still hot.  Cokal is still frustrating in their inability to meet their own deadlines.  They finished the year on .215 - a 10% jump on the last day.  I'm still holding for at least a doubling of this over the start of 2023.

[Hectorplains]

https://www.mining.com/top-50-mining-companies-in-2022-coal-lithium-win-big-china-investors-lose-out

No doubt about it coal was the commodity star for 2022.