bell potter target $1.80, page-26

Sun,
I think you are on the money there, the bots are trying to keep it low the last few days with steady accumulation.
Also, just clipped this from Economic Times of India:

"Coal Shortage

Coal remains one of the most critical commodities for the Indian economy as it contributes more than 70% to the country's power generation . The power sector has underperformed the broader market in the past one year as power utilities are grappling with coal supply shortage. The domestic supply of coal from Coal India, the world's largest coal producer, is impacted due to land acquisition, environmental and logistical issues. As a result, the dependence of India Inc on expensive international coal is increasing. Coal demand from 2007-2012 has increased 7.3%, but the production has risen only 5.4%. By the end of 2017, this shortfall is expected to be 200-300 million tonne, which is huge and can have adverse impact especially on power utilities."

Staggering numbers!!


I note also that India had severe blackouts yesterday.I think things will heat up dramatically in the coal sector in 2012!!!!