Way oversold yesterday. Nice to see a solid bounce with background support from buyback.
New ABN research gives valuation of over $8 without factoring in currency gains through lower aussie dollar so add another 30% gives valuation of over $10.
Also some good comments from the AGM yesterday stating business as usual and coal already forward sold at record prices. They expect a record profit......no debt and expansion on the way with infrastructure upgrades pending approval.
DYOR. I have and entered yesterday at 3.72.
GCL Price at posting:
$3.65 Sentiment: ST Buy Disclosure: Held
