There seemed to be some action in coal companies in the UK the day brfore yesterday and i checked out a few on the aussie market. I see Peabody is trying to take over Excel and today there was action in that also. I checked out where their mines are yesterday and low and behold we got Excel..Xtrata and Felix all in the same areas. Done some fundamental on FLX and if their long range plans come to fruition they look undervalued. So i bought in yesterday and today we get action in them now....sell side thinning out too. Maybe just maybe we might see some consolidation coming.....FLX is tightly held too and i'm happy to be holding.
FLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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