reason for sp rout. boa may soon offload imo

http://www.smh.com.au/business/rios-exit-wont-blunt-abbot-point-plan-20120430-1xv47.html

Looks like the Bank of America may soon offload their investment as they never saw this coming.

Given the serious setback of North Queensland Bulk Ports Corporation (NQBPC) with RIO pulling out and others following suit (sounds like it), looks like unlike the established miners, CLR's coal won't be going anywhere anytime soon.

...."In an interview last week UBS commodities analyst Tom Price said the Queensland Government ''never even had to build Abbot Point'' and said the state's coal industry already had excess port loading capacity, with utilisation rates hovering at about 70 per cent - below the desired average 90 per cent utilisation"...