Is that Philip Gunst back with another post about Colonial Coal
$CAD.V without sharing a news release about a halt?!
Yes sir π«‘
But Mark Carney just talked about Met Coal in an official release in the same sentence as India on a government-to-government level.
On June 16, the Prime Ministerβs Office released an official readout of the meeting between Mark Carney and Narendra Modi at the G7.
Buried in the release was a sentence that caught my attention:
βThe leaders reviewed progress in bilateral economic cooperation, including developments in commercial arrangements relating to LNG, LPG and metallurgical coal.β
When was the last time you saw metallurgical coal specifically mentioned in an official communication from the Prime Minister of Canada following a meeting with the Prime Minister of India?
I honestly canβt remember it happening.
And it comes only days after reports that BC Premier David Eby is preparing to travel to China as part of a broader effort to rebuild economic ties and strengthen investment relationships. By end of next week.
Viewed individually, these may seem like unrelated political events.
Viewed together, they tell a much larger story.
Over the past year, Canada has been systematically rebuilding relationships with both India and China after years of strained diplomatic relations.
Now we have both the Prime Minister of Canada and the Premier of British Columbia personally engaging with the two countries that happen to be the largest strategic buyers of metallurgical coal in the world.
That is not something I would have expected to see even 12 months ago.
For Colonial Coal investors, I think this is important because the discussion has gradually shifted from being purely corporate to increasingly geopolitical.
Large state-owned enterprises do not deploy billions of dollars based solely on geology.
They need long-term investment certainty, Confidence around permitting, etc.
That is why the political backdrop matters.
Many investors understandably focus on the absence of a bid.
I (try to) look at the broader trend.
And whether youβre bullish or bearish on Colonial Coal, itβs difficult to argue that the political and geopolitical backdrop is not materially stronger today than it was at the beginning of the year.
When something happens?
Nobody knows.
But it is hard not to conclude that we are further along today than we were last week, and further along last week than we were the month before.
Patience remains the hardest part of this story.
thebreaker.news/news/premierβ¦