TX Rail Products Inc (TXRP)

[greasemonkeyshoes]

“The ongoing bull market in coal has been greatly under-appreciated and is not over yet,” the Jefferies analysts noted.
https://www.ft.com/content/704554a2-6d51-11e8-92d3-6c13e5c92914
Included:
1. Thermal coal, tagged the least-loved major commodity by analysts, is defying sceptics, with prices rising to the highest level since 2012 thanks to strong Asian demand.
2. High-grade Australian thermal coal, the benchmark for the vast Asia market, was quoted at $112.60 a tonne on Monday by Argus Media.
3. “A lack of investment in new mines, depletion of existing mines, and under-investment in infrastructure have been key factors in coal’s resurgence, and most mining companies are unwilling to invest in new coal capacity due to demand risks and negative investor sentiment regarding coal,” analysts at Jefferies noted.
4. “The ongoing bull market in coal has been greatly under-appreciated and is not over yet,” the Jefferies
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