After all their stuff ups with their hedging, new management need to prove they can do better. The settlements they have instituted with Lehmanns and bondholders look agreeable. Sale of coal assets make this company simple. Have spent money on new mines. Net debt is manageable. Everything APPEARS to point to turnaround, they need to prove this before some more big players become believers.
I finally entered with a small holding this week and will add as needed.
kg
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