Do you think the sub 10's price softening could have been due to a panic merchant or 2 selling on the news of the yallourn valley disaster?
After all, its not very often the county's second largest open cut coal mine is completely flooded by the Latrobe river bursting it's banks.
Bet the greenies are still popping corks.
This is a major engineering excersise now, as the river is to be re-routed into a new channel.
Coal-wet vs coldry for months.
Yallourn Power stn have to truck in all of their coal.
Hope the co' has been in negotiation with Loy Yang or Hazelwood...Dont think yallourn will be interested in anything more than damage control for quite a while.
They had just finished a fit out too.
Still a good fundamental opportunity tho.
ESI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
