D portfolio with investment in existing products and potential new products .
The French business was problematic. Things also deteriorated in terms of volumes and costs during the due diligence phase. I guess it all became too hard.. Ramsay is a great business and has appeal as an investment, takeover or no takeover. and coal stocks over the past year. Everything has worked in favour of these energy stocks – lots of new demand and no real new supply.
So, we expect a short-term pullback in coal prices and hence coal stocks. Longer term, the thermal coal market remains tight. In Europe, they have returned to coal to meet electricity demand.In lithium, electric vehicle demand has rocketed and hence the demand for it has rocketed, pushing lithium stocks up. Turning on supply in response is not easy from brine or hard rock. It can take years to get a new project up and running.