Given that the near term future is all about domestic thermal coal sales, it is worth noting the ongoing woes at Solid Energy. Reports today are suggesting that liquidation is among the options being considered at the state owned coal miner. Lousy news for those at SE but for BRL the competitive landscape may be changing. http://www.newstalkzb.co.nz/news/business/solid-energy-could-be-liquidated/
It remains to be seen whether the weakening exchange rate gives further cause for optimism.
BRL Price at posting:
1.5¢ Sentiment: None Disclosure: Held
