no movement!, page-22

Id expect another capital raising or two will be required before this stock gets to the 'right side' of the baralaba expansion - with 3.5mt capacity in place and money spent - and a rising coal price.

so my approach is to maintain a (v) light exposure but keep money aside against a share purchase plan some time in next 12 months - as buying into a raising is probably the best way to get in at the right time and at less risk.

hcc coal price has reverted to faling after a very brief rise a few weeks back - so all the coal stocks are likely to see further softness in the sp - though whc may defy that trend on speculation its a strategic target.