time to earn your keep guys, page-42

Yes I think i will buy some. but it is a tough world for
...Coal... ...Small Caps.... ...any company requiring funding...

there are no free rides

What I am currently trying to understand is the potential for Coking Coal in general to remain at these subdued prices for any great length of time. This is the ultimate risk. And a big one it is. And although I am forming a view I would not post it on this thread as ultimately no one really knows.

Of course if time is paramount, then the thermal assets have to keep us afloat . Can they.

I believe yes; as I don't believe they are loss making at the operational level like some here want us to believe. Can they make enough money to support a management structure designed to run a half a billion $ company? No, and hence the recent changes

The Thermal assets i believe; to be servicing industry (Dairy Farms etc)that because of their location, geography etc have higher entry barriers for competitive supply, The same reasons that stop Electricity poles being delivered to these business should keep compeditors at bay.

I am currently awaiting some responses to some q's and will post more thought later if possible.

Viney

ps just some early morning ramblings and the coffee hasn't kicked in take this all with a grain of salt