Terracom - Lipstick on a Pig, page-17

hey @coalbug why don't you send you expert analysis to Brasidas, OCP Asia, Noble and Bonython coal who all have (or will have) major stakes in TER - guess poor idiots have no clue how this mining sheemozle works and all bought in blinded by the high coal price and favourable aud/usd rate because coal has never been a cyclical stock.

The real fact of the matter is that sea borne coal is expected to be 12m tonne short this year instead of 20m tonne in over supply last yr which decimated the price. High cost producers from Russia (due to freight) and USA (again freight and cost of mining underground) are going to be going out of the market this yr and the price is going to rocket. Add in the predicted supply issues in LPG later in the yr and the sea borne coal price will go mental. Already the prices have found their floor and currently TER is looking at $15m Ebitda (cash) for Q3. The cost of production at BA is $66 going to $58 which is world class. AND they got 10% discount to Newcastle coal which is phenomenal (normally the discount is 15%. Their coal is in demand

UNV are shooting them selves in the foot by selling so much of their coal to the domestic market. Guess why they need a "Proper" board to...

so yeah DYOR