|Brussels has said a block on Russian coal exports will be part of an upcoming fifth sanctions package that is currently being discussed by EU member states. |
I just bought JSW, a Polish coal mine.
If you take their Q4 and annualize it, you get that the company trades at 1.3 times EV/EBITDA.
The Q4 was good, but did not reflect the coal price moves in Q1.
Further the coal price in Q4 did not reflected the Russia coal ban.
The stock is very cheap today. If the Russian coal happen this stock could easily triple. It would still trade below 4 EV/EBITDA on Q4 numbers.
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