Stock Talk
Yesterday, Ramaco resources (METC) provided an update, raising production guidance .
https://finance.yahoo.com/news/ramaco-resources-inc-provides-guidance-211000803.html
METC - Ramaco Resources - on metallurgical coal, essential for the production of high quality steel. There are other irons in the fire with a possibility of future rare earth elements from the Wyoming mine. However the coal for steel production is the earnings driver for continued stock performance. A short outfit tried to "shake it out" - but the Ramaco Resources update speaks for itself.
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I will close by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time. But trying to look ahead a few months into the future may be a way to do things. If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. With all the above caveats and attempted prognostications, I will close this post.
Stay tuned for more opining on the market and stocks to watch.
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