Spot prices now over $200 for HCC

http://www.reuters.com/article/us-teck-res-coal-idUSKCN11X2A6

http://triblive.com/business/headlines/11051807-74/char-coal-datename

Will be very interesting to see where the contract price is set for the next quarter. It would usually be done by now, with October only a week away so one has to imagine that the sellers are winning the battle at this stage. Wherever it ends up setting, it's guaranteed to be a huge increase on the delivery price for the past 4 or 5 quarters.

The recent rally (in both price and sentiment) could not be happening at a better time for Atrum given they are in the latter stages of capital raise negotiations and have already agreed on the purchase price for a controlling interest in ACG. That acquisition is looking better and better with each passing day.