That it is radically, insanely, ridiculously oversold!
RB coal prices rebounding
Euro demand up, Chinese & Indian Imports up
Thermal supply curtailments in numerous areas, like Russia & Indonesia (as coal price falls below cost of production)
Penumbra developing well
Current mines cashflow positive & Eskom margins robust
News due on Botswana
NTA 27.4c @ Dec 31 2011
etc ...
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