in spite of all the gloom, i can't help but think that someone has built up a reasonable equity
to be able to take it over at a bargain price when the time is right.
it could be that the major holder is acting for other bigger interests, just sitting on the sidelines
waiting to pounce.
the demand for coking coal will eventually recover. but when, is the burning question.
in the short term, the punt is reasonably priced.
way down here in NZ it's a long way from the markets - another issue for punters!!
BRL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
