Hey everyone. This is David Dyer, the Founder of The Coal Trader Substack & website service. I just wanted to provide some context on what is going on behind the scenes here with this service.
I have accepted a position at Ramaco Resources and will no longer be able to run day to day operations at The Coal Trader.
It would’ve been a massive disservice to the coal space to shut down The Coal Trader, at least that’s the feedback I have received. For one, The Coal Trader is fairly profitable, but more importantly it provides an alternative point of view for investors and industry professionals, which is highly differentiated from the traditional sell-side research covering the sector. To be blunt, there’s not much coverage of the coal sector these days. Therefore, instead of shutting it down, I’ve decided to pass the torch on to Matt Warder to run and grow it from here.
I built The Coal Trader in order to talk about coal markets and public coal companies as an independent third party, without really having to answer to anyone. I want to thank the subscribers for their interest and comments, and for supporting me in this endeavor. With your support I was able to build a six figure business while working from home in my gym shorts and walking the dog or coaching my children’s soccer team with ultimate flexibility. I’ve learned that to move forward in life and career however, you have to step outside of your comfort zone, and to that end it’s time for me to get back in the grind to learn more about the coal industry and gain experience from a producers point of view.
I’m looking forward to the opportunity to see how day to day management of a coal company is carried out. I’m also looking forward to joining a high quality team at Ramaco where hopefully I can add value in multiple avenues/disciplines going forward.
I urge you guys to stick with Matt and have some patience as he gets familiar with the infrastructure behind this service. He may change a handful of the normal deliverables but I’m confident he will provide quality coverage and content of the coal space, likely above and beyond what I’ve been providing for the past three years.
Once again, I’d like to thank everyone for their support and dialogue over the years. It has been a pleasure to write and discuss the coal sector with you. I may drop in from time to time to publicly provide a critique of events or circumstances (with Randy’s approval), but until then I must bid farewell.
Good luck and God speed Coal Traders!
Thank you for your input. Good luck on your new journey!
Congrats and good luck! Long Ramaco.