anyone notice rise of late, page-2

I went to the AGM (being a small shareholder).

Very positive mood expressed by the management. The new longwall commenced operation last week at earnings have been forecast for the year to December at $15-18m - all of which is coming from the second half.

Given the company's conservative management I'm hoping/expecting this will prove conservative, especially given what's happenning to coking coal prices.

By the way, doubling the second half number for a full year gives a 12 month profit forecast of $30-36m or a p/e of 3.7 - 4.5x, which isn't too bad imho.